The East Asian Crisis: Investigating Causes and Policy Responses
AbstractWe use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of the crisis to be a fundamental reassessment of the profitability of investment in the region, and add secondary shocks resulting from the financial implications of responses to the initial shock. In this way, we can generate time profiles for the return of the countries of the region to economic health, and consider issues of contagion and policy response.
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Bibliographic InfoPaper provided by The Australian National University, Arndt-Corden Department of Economics in its series Departmental Working Papers with number 1998-06.
Length: 62 pages
Date of creation: 29 Sep 1998
Date of revision:
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- McKibbin, Warwick & Marin, Will, 1999. "The East Asian crisis : investigating causes and policy responses," Policy Research Working Paper Series 2172, The World Bank.
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