THE ASIAN FINANCIAL CRISIS: LESSONS LEARNED AND UNLEARNED

Yılmaz Akyüz
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Yılmaz Akyüz: Chief economist, the South Centre. Former director, Division on Globalization and Development Strategies, UNCTAD, Geneva

Ekonomi-tek - International Economics Journal, 2017, vol. 6, issue 2, 1-11

Abstract: Much of what has recently been written about the Asian crisis on the occasion of its 20th anniversary praises the lessons drawn from the crisis and thes implemented thereupon. But they often fail to appreciate that while these might have been effective in preventing the crisis in 1997, they may be inadequate and even counter-productive today because they entail deeperto global finance.

Keywords: Financial crisis; Asian economies (search for similar items in EconPapers)
JEL-codes: E32 E44 F62 G01 (search for similar items in EconPapers)
Date: 2017
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