The Asian Crisis: an Alternative View

R. Kumar and B. Debroy

Papers from Asian Development Bank

Abstract: The paper argues that the macro focus of the literature on the Asian crises is not helpful in understanding the causes of the crises. The actual causes lie deeper in the operation of the real, that is, the corporate sector. In this context, the paper analyzes the micro behavior of individual firms.

Keywords: FINANCIAL CRISIS; ASIA; INTERNATIONAL ECONOMY (search for similar items in EconPapers)
JEL-codes: F30 F36 O53 (search for similar items in EconPapers)
Date: 1999
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