Are All Emerging Market Crises Alike?

Marcos Chamon (), Atish Ghosh () and Jun Il Kim

Chapter 10 in Global Economic Crisis, 2012 from Edward Elgar Publishing

Abstract: The expert contributors compare the recent crisis with earlier crises, explore international aspects of the crisis from the perspectives of financial markets and trade, and examine macroeconomic policy responses. In so doing, they address important questions including: How did this crisis differ from those suffered previously? How and why did flaws in financial markets contribute to the crisis? How important were global imbalances and global overheating in explaining the global meltdown? Did different pre-crisis fundamentals generate different post-crisis performances? And, how severe were the economic shocks to countries such as Korea and other emerging economies?

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2012
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