Financial Crises: Nine Lessons from East Asia

Masahiro Kawai (), Richard Newfarmer and Sergio Schmukler
Additional contact information
Richard Newfarmer: World Bank

Eastern Economic Journal, 2005, vol. 31, issue 2, 185-207

Abstract: The 1990s witnessed a surge in private capital flows to developing countries--and a surge in financial crises. The most severe and regionally extensive has (to date) been East Asia's. The last six years has produced a wealth of research that now allows us to abstract policy lessons from the East Asian crisis and the difficulties in implementing them. These lessons span crisis prevention, management and resolution, and building a new international financial architecture with a regional focus. Progress in these areas would have helped prevent, or at least minimize, both the East Asian crisis and more recent crises.

Keywords: Capital Flow; Capital; Developing Countries; Policy (search for similar items in EconPapers)
JEL-codes: F32 F34 G21 G32 O16 O19 O23 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://web.holycross.edu/RePEc/eej/Archive/Volume31/V31N2P185_207.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:31:y:2005:i:2:p:185-207

Access Statistics for this article

Eastern Economic Journal is currently edited by Cynthia A. Bansak, St. Lawrence University and Allan A. Zebedee, Clarkson University

More articles in Eastern Economic Journal from Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson, College of the Holy Cross ().