Add to ORKGPaths into the Asian Crisis of 1997-98 and the recent global financial crisis were similar, but the roads out could not be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF recommended stimulus in the case of the advanced nations at the epicenter of the crisis in 2008-09. While the IMF did recommend different policies to begin with, the fiscal adjustment in Asia was far more modest than is commonly known and the switch from stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post-crisis paths of output and employment in the two regions. 1 Preliminary, please do not quote without permission
I t has been more than two years since the financial crisis first broke out inEast Asia in the summe...
In 2009 the global economy switched from recession to recovery. However, the pace of the recovery ha...
This paper provides a comparative study of the consequences of the Asian and global financial crises...
Paths into the Asian Crisis of 1997-98 and the recent global financial crisis were similar, but the ...
The paper examines the recent European crisis management programs of the International Monetary Fund...
The paper examines the recent European crisis management programs of the International Monetary Fund...
In summer 1997, the high-performing East and South-east Asian economies faced a financial crisis of ...
This article provides an overview of how the G3 (USA, the euro area and Japan) and Asian emerging ma...
Two alternative interpretations dominate the debate on the theories of the Asian crisis. One blames ...
The world economy is being affected by very divergent forces: the sustained strong demand expansion ...
This paper analyses the impact of recent financial crises in Europe on the Asian economies. What is ...
The global crisis interacted heavily with fiscal policy in the run-up to the crisis, during the cris...
The 1997-98 financial crisis in Asia dramatically altered perceptions of the region’s economic perfo...
China appears to have successfully weathered the worst impact of both the Asian Financial Crisis (19...
The 2008 financial crisis led to the most serious global recession since the 1930s (Krugman 2009). T...
I t has been more than two years since the financial crisis first broke out inEast Asia in the summe...
In 2009 the global economy switched from recession to recovery. However, the pace of the recovery ha...
This paper provides a comparative study of the consequences of the Asian and global financial crises...
Paths into the Asian Crisis of 1997-98 and the recent global financial crisis were similar, but the ...
The paper examines the recent European crisis management programs of the International Monetary Fund...
The paper examines the recent European crisis management programs of the International Monetary Fund...
In summer 1997, the high-performing East and South-east Asian economies faced a financial crisis of ...
This article provides an overview of how the G3 (USA, the euro area and Japan) and Asian emerging ma...
Two alternative interpretations dominate the debate on the theories of the Asian crisis. One blames ...
The world economy is being affected by very divergent forces: the sustained strong demand expansion ...
This paper analyses the impact of recent financial crises in Europe on the Asian economies. What is ...
The global crisis interacted heavily with fiscal policy in the run-up to the crisis, during the cris...
The 1997-98 financial crisis in Asia dramatically altered perceptions of the region’s economic perfo...
China appears to have successfully weathered the worst impact of both the Asian Financial Crisis (19...
The 2008 financial crisis led to the most serious global recession since the 1930s (Krugman 2009). T...
I t has been more than two years since the financial crisis first broke out inEast Asia in the summe...
In 2009 the global economy switched from recession to recovery. However, the pace of the recovery ha...
This paper provides a comparative study of the consequences of the Asian and global financial crises...