Crisis managementThe 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 ...
financial crisisThis paper attempts to confront various theoretical and empirical approaches to the East Asian currency crisis in 1997, but also with emphasis on two recently dominated literature about East Asian financial crisis. One, strongly supported by Corsetti, et. al (1998) stresses fundamental...
The Asian financial crisis in the 1990s was caused by an imbalance in which too much money had been invested in factories. In the late 1980s and early 1990s, companies in Southeast Asia invested huge sums in building factories to make products for export. This created too much capacity; fact...
A) What is securitization? B) What part did securitization play in the financial crisis of 2008? Provide some insights as to what caused the financial crisis of 2008. What is the Eurozone Crisis? What features of the U.S. financial system facilitated the Great Recession ...
Some would argue that crises and the multilateral response are codependent. As countries have become more integrated into global financial markets, financial crises have become more severe, causing official financing to grow larger; and as programs have grown larger, this has caused crises to become...
Other government-backed bonds, particularly those inemerging markets, carry regional, political, and central bank risks. Investors saw a bleak reminder of how risky some government bonds can be during theAsian financial crisisof 1997 and 1998.12During this crisis, several Asian nations were forced to...
As an important export destination, measures such as tariff hikes in the past have often caused anxiety or even panic in related domestic industries. Although the discussion about this tariff increase is still heated, there is no longer a sense of "panic." Moreover, at least for the highly...
Due to the fact that the Asian financial crisis first began in Thailand, the analysis of Thailand also provides clarity in understanding how countries hit hard by the financial crisis lost the opportunity to overcome the “middle income trap”. Before the Asian financial crisis, Thailand had maint...
What caused the European debt crisis? Briefly discuss the situations in Greece, Ireland, Spain, and Portugal. What were the main problems in these economies? European debt The European sovereign debt crisis was influenced by a m...
Example: In 1997, the Thai government took the baht off its peg to the dollar, given the currency trading pressure that had suddenly appeared in the previous months. This marked the beginning of theAsian Financial Crisisan example of a self-fulfilling crisis. Initially, there were no clear si...