The Asian Financial Crisis

The Asian Financial Crisis

Published Jan 1998

Authors

M. Goldsetin, D. Weatherstone, false

Publisher

Focus regions

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This short paper has a dual objective: first, to explain how the crisis rose and spread; and second, to outline the kinds of corrective policy measures that would help end the crisis and reduce the chances of a recurrence

The turmoil that has rocked Asian foreign exchange and equity markets over the past eight months is the third major currency crisis of the 1990s. Its predecessors were the crisis in the European Monetary system in 1992-93, and the Mexican peso crisis of 1994-95.

See also the IIE's WWW page on other resources about the crisis at http://www.iie.com/HOTOPICS/ASIACRIS/hotasia.htm

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