Developments in East Asia and their implications for the UK and Europe

Ray Barrell and Nigel Pain

National Institute Economic Review, 1998, vol. 163, 64-70

Abstract: The turmoil in East Asia over the last six months has led to major realignments of many currencies in the region, whilst domestic equity and property markets have collapsed. Though each of the directly affected economies had some unique problems, all shared the key factors behind the collapse, an over-rapid growth in domestic investment, declining external competitiveness and inefficient and loosely regulated financial institutions.

Date: 1998
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