China

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai ()

Chapter 11 in Trauma to Triumph:Rising from the Ashes of the Asian Financial Crisis, 2022, pp 175-183 from World Scientific Publishing Co. Pte. Ltd.

Abstract: While China was relatively insulated from the Asian financial crisis (AFC), its exports to the region slowed sharply during the crisis. China, however, refrained from devaluing the renminbi (RMB), a critical decision that relieved pressure on the regional currencies. The AFC was also the driving force for a breakthrough in a meeting of minds on regional financial cooperation among China, Japan, and Korea.

Keywords: ASEAN+3; Asian Financial Crisis; Global Financial Crisis (search for similar items in EconPapers)
JEL-codes: F02 F3 G01 (search for similar items in EconPapers)
Date: 2022
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