What Caused the Asian Currency and Financial Crisis?

Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini ()

Working Papers from Banca Italia - Servizio di Studi

Abstract: The paper examines the view that the Asian currency and financial crisis in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even though market overreaction and herding caused the plunge of exchange rates, asset prices and economic activity to be more severe than was warranted by the initial weak economic conditions.

Keywords: CURRENCIES; MONETARY CRISIS; ASIA (search for similar items in EconPapers)
JEL-codes: F30 F32 F34 O53 (search for similar items in EconPapers)
Pages: 73 pages
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (273)

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Related works:
Journal Article: What caused the Asian currency and financial crisis? (1999)
Working Paper: What Caused the Asian Currency and Financial Crisis? (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:343

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