The East Asian Crisis in Kindleberger-Minsky’s Framework

Omar Saqib ()

Brazilian Journal of Political Economy, 2001, vol. 21, issue 2, 277-285

Abstract: The paper reviews the 1997 East Asian crisis within the framework of the five stages of displacement, boom, overtrading, revulsion, and tranquility of the Kindleberger-Minsky model. It further notes that the recent interpretations of the crisis, based on the hypotheses of fundamental imbalances and financial panic, conform to the stages of the Kindleberger-Minsky model. JEL Classification: F31; F32.

Keywords: Kindleberger-Minsky model; 1997 Asian currency crisis; financial contagion (search for similar items in EconPapers)
Date: 2001
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