The Anatomy of the East Asian Crisis: an Alternative Model of Currency Crises
In the prolific literature that followed the East Asian crisis two core ideas seemed to gather considerably support amongst reserachers, namely that previous models of currency crisis are not fully suitable to examine this particular set of events and that the Asian crisis ensued from a financial plight. The analysis presented here attempts to contribute to remedy the former while challenging the latter ongrounds that it tells only part of the story. This paper employs a macrodynamic model to examine how the increase in the money supply that predictably follows financial liberalisation renders a country vulnerable to a currency crisis in the presence of uncertainty on the timing of the monetary expansion reversal that may eventually lead to a fully-fledged crisis.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1999|
|Contact details of provider:|| Postal: Edgbaston, Birmingham, B15 2TT|
Web page: http://www.economics.bham.ac.uk
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:bir:birmec:99-16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Colin Rowat)
If references are entirely missing, you can add them using this form.