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来源类型Working Paper
规范类型报告
DOI10.3386/w6833
来源IDWorking Paper 6833
What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
Giancarlo Corsetti; Paolo Pesenti; Nouriel Roubini
发表日期1998-12-01
出版年1998
语种英语
摘要The paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even if market overreaction and herding caused the plunge of exchange rates, asset prices, and economic activity to be more severe than warranted by the initial weak economic conditions. The first part of the paper provides an overview of economic fundamentals in Asia on the eve of the crisis, with emphasis on current account imbalances, quantity and quality of financial overlending,' banking problems, and composition, maturity and size of capital inflows.
主题International Economics ; International Finance
URLhttps://www.nber.org/papers/w6833
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/564344
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Giancarlo Corsetti,Paolo Pesenti,Nouriel Roubini. What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview. 1998.
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