Additional information is available for the following registered author(s):

• Claude Giorno
• Pete W Richardson

Over the past two years, the key trading economies in SE Asia experienced major economic crises, involving financial turbulence, large capital outflows and currency depreciations. These, in turn, resulted in severe financial constraints and business failures and required major domestic adjustments and massive swings in their currentaccount balance of payments positions. The associated economic recessions had major effects on the economies in question and, because of constraints on their capacity to invest and import, a significant impact on the rest of the world, so that world trade and output growth slowed significantly and world commodity markets weakened substantially over the period.

This paper looks at the wider macroeconomic consequences of the Asia crisis and their predictability from the perspective of the OECD countries. In doing so it examines some of the major aspects of the Asia crisis, its effects on the world situation and their predictability, assisted by the OECD’s ...

Au cours des deux dernières années, les économies d’Asie du sud-est les plus importantes du point de vue des échanges commerciaux ont connu des crises économiques majeures qui se sont traduites par de fortes perturbation de leurs marchés financiers, des sorties de capitaux importantes et des dépréciations de taux de change. Celles-ci ont entraîné de sévères contraintes financières et des faillites d’entreprises et nécessité des ajustements substantiels de demande intérieure et des modifications massives des positions des balances des paiements courants dans ces pays. Les récessions économiques qui ont suivi ont eu des effets très importants sur les économies en question et, du fait des contraintes qui ont affecté leur capacité d’investir et d’importer, ont eu un impact significatif sur le reste du monde. Ainsi, le commerce et la production mondiale ont ralenti significativement tandis que les marchés internationaux des produits de base se sont affaiblis substantiellement au cours ...

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.

Publisher Info

Paper provided by OECD, Economics Department in its series OECD Economics Department Working Papers with number 236.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: 06 Apr 2000
Date of revision:
Handle: RePEc:oec:ecoaaa:236-en

Contact details of provider:
Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Email:
Web page: http://www.oecd.org
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: ().

Related research

Keywords: Asian crisis;

Find related papers by JEL classification:
F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation

Statistics

Access and download statistics

Did you know? To receive notification of recent additions to the database, subscribe to the free NEP reports.

This page was last updated on 2009-12-10.