A Comparative Essay on the Causes of Recent Financial Crises

Tarek Selim ()

MPRA Paper from University Library of Munich, Germany

Abstract: Causes of recent financial crisis are explored. The study points out different reasons for the financial crisis which have plagued different countries and takes a country by country analysis as the main approach. The essay includes aspects of short-term volatility, macroeconomic fundamentals, policy misalignments, banking performance, exchange rate management, and contagion. A comparative summary concludes the analysis. Countries studied include Mexico (1994), Thailand (1997), Korea (1997), Indonesia (1998), Malaysia (1998), Russia (1999), Brazil (1999), Turkey (2000), and Argentina (2001).

Keywords: financial crises; contagion; exchange rate; volatility; macroeconomic; economic development; Mexico; Thailand; Korea; Indonesia; Malaysia; Russia; Brazil; Turkey; Argentina. (search for similar items in EconPapers)
JEL-codes: F31 G01 G28 N2 O5 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:118612

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