The Asian financial crisis: How long will the downturn last?
AbstractThis paper analyses the likely length of the economic downturn currently being experienced in many Asian countries following their financial crises. Past international experience following financial crises is examined, and data is marshalled to demonstrate the severity of the “credit crunch” being experienced in a number of “tiger” economies. This evidence, coupled with the high profile banking problems in a number of these countries, leads to the conclusion that most of the affected countries will not experience a significant rebound in growth for some considerable time.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal New Zealand Economic Papers.
Volume (Year): 32 (1998)
Issue (Month): 2 ()
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- Grimes, Arthur, 2001. "Apec competition principles: application to financial services," Japan and the World Economy, Elsevier, vol. 13(2), pages 95-111, April.
- Arthur Grimes, 1998. "Liberalisation of financial markets in New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, December.
- Iris Claus & Arthur Grimes, 2003. "Asymmetric Information, Financial Intermediation and the Monetary Transmission Mechanism: A Critical Review," Treasury Working Paper Series 03/19, New Zealand Treasury.
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