Recent Issues in the Asian Currency Crisis

Jae Joon Lee
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Jae Joon Lee: Korea Institute for International Economic Policy

East Asian Economic Review, 1998, vol. 2, issue 3, 105-138

Abstract: Since the outbreak of the Asia exchange rate crisis last year, different analysts have attempted to analyze and explain the reason and the development of the crisis theoretically. But the present theory of the reason of the crisis is not account for the crisis, especially the evident feature that the Asia crisis appear to be infective, which seems to make the world economy to a stagnant degree. This thesis filed the present argumentations which helped to understand the Asia foreign exchange rate crisis and made a discussion at this level. This thesis first explained a certain contact between the secular trend of the capital movement and the appearance of the foreign exchange crisis, then extend to the theoretical explanation of the infective effect of the foreign exchange crisis. Meanwhile, as to the question the predictive possibility which is an important part related to foreign exchange theory, this thesis introduced former thesis which took Korea as the object of analysis.

Keywords: Asian Crisis; Currency Crisis (search for similar items in EconPapers)
JEL-codes: F31 F32 F34 (search for similar items in EconPapers)
Date: 1998
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