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The Asian Crisis: an Alternative View

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Author Info

  • Kumar, R.
  • Debroy, B.
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    Abstract

    The paper argues that the macro focus of the literature on the Asian crises is not helpful in understanding the causes of the crises. The actual causes lie deeper in the operation of the real, that is, the corporate sector. In this context, the paper analyzes the micro behavior of individual firms.

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    Bibliographic Info

    Paper provided by Asian Development Bank in its series Papers with number 59.

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    Length: 35 pages
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:fth:asdbed:59

    Contact details of provider:
    Postal: Asian Development Bank, Economics and Development Resource Center. P.O. Box 789 Manila Philippines.
    Fax: (63-2) 636-2648
    Email:
    Web page: http://www.adb.org/
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    Related research

    Keywords: FINANCIAL CRISIS ; ASIA ; INTERNATIONAL ECONOMY;

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    References

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    1. Steven Radelet & Jeffrey D. Sachs, 1998. "The East Asian Financial Crisis: Diagnosis, Remedies, Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 1-90.
    2. Reinhart, Carmen & Khan, Mohsin, 1995. "Capital Flows in the APEC Region," MPRA Paper 8200, University Library of Munich, Germany.
    3. Obstfeld, Maurice, 1998. "The Global Capital Market: Benefactor or Menace?," Center for International and Development Economics Research, Working Paper Series qt3kn3n2s8, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
    4. Diaz-Alejandro, Carlos, 1985. "Good-bye financial repression, hello financial crash," Journal of Development Economics, Elsevier, vol. 19(1-2), pages 1-24.
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    Citations

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    Cited by:
    1. Kang-Kook Lee & James Crotty, 2001. "Economic Performance in Post-Crisis Korea: A Critical Perspective on Neo-Liberal Restructuring," Working Papers wp23, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Kanai, Michio & Titapiwatanakun, Boonjit, 2000. "Integrated Report of the Project "Effects of Trade Liberalization on Agriculture in Selected Asian Countries with Special Focus on CGPRT Crops"," Working Papers 32713, United Nations Centre for Alleviation of Poverty Through Secondary Crops' Development in Asia and the Pacific (CAPSA).
    3. Agustinus, Prasetyantoko & Luhur, Fajar-Marta, 2008. "Indonesia’s Ponzi Economy: Does Financial Crisis Give a Lesson," MPRA Paper 6776, University Library of Munich, Germany.
    4. Prasetyantoko, Agustinus, 2008. "Financing Policies and Firm Vulnerability in Indonesia," MPRA Paper 6533, University Library of Munich, Germany.

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