Currency Crisis and Policy Response: The ASEAN and Philippine Case

Cayetano Paderanga

Philippine Review of Economics, 1998, vol. 35, issue 2, 248-278

Abstract: The recent episode on ASEAN currency markets has given rise to the question as to whether this is based on fundamentals or whether this is due to region-wide reversal in market sentiment. How to respond to the immediate crisis and manage the macroeconomic environment afterwards is then discussed. Summary and tentative recommendations for policy are in the last section of the paper.

Date: 1998
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