The Asian Financial Crisis

Book Name : The Asian Financial Crisis_x000D_
Causes, Contagion and Consequences

By by Pierre-Richard Agénor, Marcus Miller, David Vines, Axel Weber

Sub Title : Causes, Contagion and Consequences

Written by : by Pierre-Richard Agénor, Marcus Miller, David Vines, Axel Weber

Subject Category : Economics

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about this book

Presents the first theoretical analysis of the Asian financial crisis and draws out the general lessons of an event whose potential long term effects have been likened to those of the Crash of 1929. Part I presents a factual and analytic overview of what happened: the role of 'vulnerability'; the interconnection between currency crises and financial crises; and why crisis turned into collapse. Part II considers more detailed issues, including how the inflation of non-traded goods prices created vulnerability, welfare-reducing capital inflow owing to under-regulated financial markets, and the onset of speculative attacks. Part III assesses all aspects of contagion, in particular the role of geographic proximity. The final section addresses policy issues. Joseph Stiglitz argues that there is much that can be done to reduce the frequency of crises and to mitigate the severity of crises when they happen. The book finishes with a round-table discussion of policy issues. Cambridge University Press; November 1999 ISBN 9780511837197 Read online, or download in secure PDF format Title: The Asian Financial Crisis Author: Pierre-Richard Agénor (ed.); Marcus Miller (ed.); David Vines (ed.); Axel Weber (ed.) Imprint: Cambridge University Press Subject categories Economics > Business cycles. Economic fluctuations Business > Finance Business > International Business > Economics > Macroeconomics ISBNs 0511837194 9780521770804 9780511837197

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Related subjects

Economics - Business cycles. Economic fluctuations Business - Finance Business - International Business - Economics - Macroeconomics

ISBN

0511837194 - 9780521770804 - 9780511837197

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Imprint

Cambridge University Press