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Asian's Debacle: Wherefore and Where to?


  • Donald Hanna


This paper analyses the Asian financial crisis, focusing on the financial boom of the 1990s and on the investor panic that sparked its collapse. It also assesses the policy responses by the governments and international agencies - principally the IMF. The paper offers some suggestions to help restore economic growth.

Suggested Citation

  • Donald Hanna, 1998. "Asian's Debacle: Wherefore and Where to?," Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number occ26.
  • Handle: RePEc:sea:opaper:occ26

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    References listed on IDEAS

    1. Michael F. Bryan & Stephen G. Cecchetti, 1994. "Measuring Core Inflation," NBER Chapters,in: Monetary Policy, pages 195-219 National Bureau of Economic Research, Inc.
    2. Martin S. Feldstein, 1997. "The Costs and Benefits of Going from Low Inflation to Price Stability," NBER Chapters,in: Reducing Inflation: Motivation and Strategy, pages 123-166 National Bureau of Economic Research, Inc.
    3. Andreas Fischer, 1993. "Inflation Targeting: The New Zealand and Canadian Cases," Cato Journal, Cato Journal, Cato Institute, vol. 13(1), pages 1-27, Spring/Su.
    4. Miguel A Savastano & Paul R Masson & Sunil Sharma, 1997. "The Scope for Inflation Targeting in Developing Countries," IMF Working Papers 97/130, International Monetary Fund.
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