The East Asian Crisis: Investigating Causes and Policy Responses
We use a forward looking modeling framework to capture some of the major interactions between asset markets and trade involved in the East Asian crisis and its aftermath. We take the primary cause of the crisis to be a fundamental reassessment of the profitability of investment in the region, and add secondary shocks resulting from the financial implications of responses to the initial shock. In this way, we can generate time profiles for the return of the countries of the region to economic health, and consider issues of contagion and policy response.
|Date of creation:||29 Sep 1998|
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543, Board of Governors of the Federal Reserve System (U.S.).
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National Bureau of Economic Research, Inc.
- Steven Radelet & Jeffrey Sachs, 1998. "The Onset of the East Asian Financial Crisis," NBER Working Papers 6680, National Bureau of Economic Research, Inc.
- Giancarlo Corsetti & Paolo Pesenti & Nouriel Roubini, 1998.
"What Caused the Asian Currency and Financial Crisis?,"
Temi di discussione (Economic working papers)
343, Bank of Italy, Economic Research and International Relations Area.
- Corsetti, Giancarlo & Pesenti, Paolo & Roubini, Nouriel, 1999. "What caused the Asian currency and financial crisis?," Japan and the World Economy, Elsevier, vol. 11(3), pages 305-373, October.
- Corsetti, G. & Pesenti, P. & Roubini, N., 1998. "What Caused the Asian Currency and Financial Crisis?," Papers 343, Banca Italia - Servizio di Studi.
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