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The Mexico crisis of 1994—95 and the recent wave of currency
crises in Asia obviously surprised many international monetary experts
in securities firms, governments, international financial institut...
How TO ESTABLISH MONETARY STABILITY IN ASIA
MONETARY STABILITY financial crisis International Monetary Fund
2008/11/17
The International MonetaryFund failedto anticipate Asia’s financial
crisis. Then, to addinsult toinjury, the IMF misdiagnosed the patient’s
malady and prescribed the wrong medicine. Not surprisingly...
The fallout from the current Asian financial crisis has led some
people to believe that there was no Asian take-off. Yet, even after the
sharp recession, GDP per capita at the end of 1998 was four t...
THE REAL ISSUES IN ASIA
structural component cyclical component macroeconomic policy technical perspective
2008/11/12
The recent Asian crisis had two main causal components: a cyclical
component and a structural component. The cyclical component derives
from mistakes of macroeconomic policy—mainly monetary
policy—...