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Asia: A Perspective on the Subprime Crisis

Author

Listed:
  • Khor, Hoe Ee
  • Kee, Rui Xiong

Abstract

The authors, from the Monetary Authority of Singapore, examines the current crisis through the lens of the financial crisis that hit Asia in 1997. They discuss lessons that industrial countries can take from the Asian crisis and lessons Asian countries can learn from the subprime crisis. They also examine the reasons for Asia's resilience, so far, to the financial crisis.

Suggested Citation

  • Khor, Hoe Ee & Kee, Rui Xiong, 2008. "Asia: A Perspective on the Subprime Crisis," MPRA Paper 9995, University Library of Munich, Germany, revised 10 Apr 2008.
    • Handle: RePEc:pra:mprapa:9995
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    References listed on IDEAS

    as
    1. Hyman P. Minsky, 1992. "The Financial Instability Hypothesis," Economics Working Paper Archive wp_74, Levy Economics Institute.
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    More about this item

    Keywords

    A comparison of the causes of Asian financial crisis and the subprime crisis and their lessons;

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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