IMF and the Crisis

Peter G. Zhang

Chapter 9 in IMF and the Asian Financial Crisis, 1998, pp 69-75 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe intention of this chapter is not to chronicle the already well-documented Asian economic crisis nor to set out to examine the causes of the crisis, which would require a book in itself. The purpose here is to highlight its main features and characteristics so as to provide a context in which we view the IMF's response to it. Specifically, this chapter will attempt to capture the sudden loss of confidence in the 'tiger' economies, which became a key problem when the IMF was initially attempting to tackle by raising interest rates and imposing austerity measures…

JEL-codes: E44 G01 G1 G15 (search for similar items in EconPapers)
Date: 1998
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