The US versus Asian financial crisis
Credit, Currency, or Derivatives: Instruments of Global Financial Stability Or crisis?
ISBN: 978-1-84950-601-4, eISBN: 978-1-84950-602-1
Publication date: 9 November 2009
Abstract
The current US financial crisis has elicited unprecedented responses by various government agencies and institutions. The current crisis is the most serious since the 1930s in terms of its financial and economic impacts and global repercussions, but its origin in the largest developed country in the world contrasts with other crises originated in emerging markets. We survey the issues pertaining to the similarities and differences in the causes and policy responses in the current US financial crisis versus the Asian financial crisis in 1997–1998. We discuss the implications for prevention and management of similar financial crises in the future.
Citation
Choi, J.J. and Papaioannou, M.G. (2009), "The US versus Asian financial crisis", Choi, J.J. and Papaioannou, M.G. (Ed.) Credit, Currency, or Derivatives: Instruments of Global Financial Stability Or crisis? (International Finance Review, Vol. 10), Emerald Group Publishing Limited, Leeds, pp. 3-16. https://doi.org/10.1108/S1569-3767(2009)0000010003
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited