The Currency Crisis in Southeast Asia
- ISBN-10
- 9812300147
- ISBN-13
- 9789812300140
- Category
- Business & Economics
- Pages
- 108
- Language
- English
- Published
- 1998
- Publisher
- Institute of Southeast Asian Studies
- Author
- Manuel F. Montes
Description
The deep currency crisis which erupted in the beginning of July 1997 among the rapidly growing economies of Southeast Asia raises the question: "Have the rapid rates of growth in the late 1980s and early 1990s mortgaged the economic futures of these economies?" This book examines the economic bases for the crisis and characterizes the nature of the policy weaknesses that led to the crisis. Drawing on the specific features of the crises in Thailand, Korea, and Indonesia and the pattern of contagion in the region, this Updated Edition suggests a list of global policy lessons that can be distilled from Asia's crisis.
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