Financial Crisis in the MIT Countries: Myths and Realities

Baidyanath N. Ghosh ()
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Baidyanath N. Ghosh: Eastern Mediterranean University, Postal: Famagusta T.R. North Cyprus via Mersin 10 Turkey ,, http://web2009.emu.edu.tr/

Economia Internazionale / International Economics, 2000, vol. 53, issue 1, 23-51

Abstract: The paper seeks to unfold some of the popular myths and realities concerning the recent financial crisis in the MIT (Malaysia-Indonesia-Thailand) countries. In this connection, it also analyses the various models of speculative attacks and their applicability, and the systemic implications of the financial crisis for these countries. The paper comes out with the fact that it is the macroeconomic vulnerability which is fundamentally responsible for the financial crisis in the MIT countries.

JEL-codes: F31 F41 F47 O57 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0254

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