The Asian Financial Crisis: Causes, Cures, and Systemic Implications

by Morris Goldstein and Institute for International Economics Staff

The turmoil that rocked Asian markets after the middle of 1997 and that spread far afield was the third major currency crisis of the 1990s. Thailand, Indonesia, Malaysia, and South Korea suffered outright recessions in 1998. In an effort to contain the crisis, almost $120 billion was pledged in IMF-led official rescue packages. How could this happen to a group of countries that has been so highly regarded in the 1990's by private international...

• Format: Paperback
• Language: English
• ISBN: 088132261X
• ISBN13: 9780881322613
• Release Date: June 1998
• Publisher: Peterson Institute for International Economic
• Length: 100 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.3" x 6.0" x 9.0"
• Grade Range: Postsecondary and higher