THE ASIAN FINANCIAL CRISIS: LESSONS LEARNED AND UNLEARNED
Authors : Yılmaz Akyüz
Pages : 1-11
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Publication Date : 2017-05-01
Article Type : Research
Abstract :Much of what has recently been written about the Asian crisis on the occasion of its 20th anniversary praises the lessons drawn from the crisis and the measures implemented thereupon. But they often fail to appreciate that while these might have been effective in preventing the crisis in 1997, they may be inadequate and even counter-productive today because they entail deeper integration into global finance.Keywords : Financial crisis, Asian economies, .