One of the most remarkable features of Asian Crisis is the fact that it has not been anticipated almost by anybody. This paper shows that using the prescription of the quantity theory of money, the crisis could have been forecasted well in advance. The root of Asian crisis is the monetary expansion initiated at the beginning of 1990s, which did not fueled a simple inflationary process, but generated an unsustainable expansion of production.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.