Could we have learned from the Asian financial crisis of 1997–98?
Economists drew a number of lessons from the Asian financial crisis of 1997–98 for preventing such episodes or mitigating their effects. Some of those are similar to lessons drawn from the global financial crisis of 2007–09. But differences in economic development and sophistication of the financial systems of East Asian countries compared with those of the United States and Western Europe made it difficult to apply the lessons of the earlier crisis.
Volume (Year): (2011)
Issue (Month): feb28 ()
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- Carmen M. Reinhart & Kenneth S. Rogoff, 2009.
"Varieties of Crises and Their Dates,"
Introductory Chapters,in: This Time Is Different: Eight Centuries of Financial Folly
Princeton University Press.
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- Kenneth Rogoff, 1999. "International Institutions for Reducing Global Financial Instability," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 21-42, Fall.
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- Andrew K. Rose & Mark M. Spiegel, 2009. "Predicting crises, part II: Did anything matter (to everybody)?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue sep28. Full references (including those not matched with items on IDEAS)
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