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The Asian Financial Crisis: Lessons Learned And Unlearned

Author

Listed:
  • Yılmaz Akyüz

    (Chief economist, the South Centre. Former director, Division on Globalization and Development Strategies, UNCTAD, Geneva)

Abstract

Much of what has recently been written about the Asian crisis on the occasion of its 20th anniversary praises the lessons drawn from the crisis and thes implemented thereupon. But they often fail to appreciate that while these might have been effective in preventing the crisis in 1997, they may be inadequate and even counter-productive today because they entail deeperto global finance.

Suggested Citation

  • Yılmaz Akyüz, 2017. "The Asian Financial Crisis: Lessons Learned And Unlearned," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 6(2), pages 1-11, May.
    • Handle: RePEc:tek:journl:v:6:y:2017:i:2:p:1-11
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    File URL: http://ekonomitek.org/pdffile/no17_makale1.pdf
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    More about this item

    Keywords

    Financial crisis; Asian economies;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • G01 - Financial Economics - - General - - - Financial Crises

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