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What Caused the Asian Currency and Financial Crisis?

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Author Info
Corsetti, G.
Pesenti, P.
Roubini, N.

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Abstract

The paper examines the view that the Asian currency and financial crisis in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even though market overreaction and herding caused the plunge of exchange rates, asset prices and economic activity to be more severe than was warranted by the initial weak economic conditions.

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Publisher Info
Paper provided by Banca Italia - Servizio di Studi in its series Papers with number 343.

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Length: 73 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:banita:343

Contact details of provider:
Postal: Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.
Web page: http://www.bancaditalia.it/
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Related research
Keywords: CURRENCIES MONETARY CRISIS ASIA

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Find related papers by JEL classification:
F30 - International Economics - - International Finance - - - General
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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This page was last updated on 2008-7-2.


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