Understanding the Asian crisis: systemic risk as coordination failure

David Marshall

Economic Perspectives, 1998, vol. 22, issue Q III, 13-38

Abstract: Systemic crises, such as the recent Asian crisis, may be due to an inability of individual to optimally coordinate their investment strategies.

Keywords: Financial crises - Asia; Risk; Investments (search for similar items in EconPapers)
Date: 1998
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