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
Presents information on the financial crisis in East Asia. Causes of the crisis; Contrasting perspec...
In response to the 2008 financial crisis, countries throughout the developed world widely embraced f...
This article provides an overview of how the G3 (USA, the euro area and Japan) and Asian emerging ma...
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...
In 2009 the global economy switched from recession to recovery. However, the pace of the recovery ha...
The world economy is being affected by very divergent forces: the sustained strong demand expansion ...
The global crisis interacted heavily with fiscal policy in the run-up to the crisis, during the cris...
Two alternative interpretations dominate the debate on the theories of the Asian crisis. One blames ...
As economies become more integrated in the midst of globalization, financial crisis that occurs in o...
The 2008 financial crisis led to the most serious global recession since the 1930s (Krugman 2009). T...
Two years ago Asia’s tiger economies were celebrating the Asian miracle, operating in an environment...
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-swi...
Indonesia, Malaysia, Philippines, South Korea, and Thailand have not recouped their losses from the ...
The financial crisis which erupted in the United States of America in 2007 drove the real economic s...
Presents information on the financial crisis in East Asia. Causes of the crisis; Contrasting perspec...
In response to the 2008 financial crisis, countries throughout the developed world widely embraced f...
This article provides an overview of how the G3 (USA, the euro area and Japan) and Asian emerging ma...
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...
In 2009 the global economy switched from recession to recovery. However, the pace of the recovery ha...
The world economy is being affected by very divergent forces: the sustained strong demand expansion ...
The global crisis interacted heavily with fiscal policy in the run-up to the crisis, during the cris...
Two alternative interpretations dominate the debate on the theories of the Asian crisis. One blames ...
As economies become more integrated in the midst of globalization, financial crisis that occurs in o...
The 2008 financial crisis led to the most serious global recession since the 1930s (Krugman 2009). T...
Two years ago Asia’s tiger economies were celebrating the Asian miracle, operating in an environment...
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-swi...
Indonesia, Malaysia, Philippines, South Korea, and Thailand have not recouped their losses from the ...
The financial crisis which erupted in the United States of America in 2007 drove the real economic s...
Presents information on the financial crisis in East Asia. Causes of the crisis; Contrasting perspec...
In response to the 2008 financial crisis, countries throughout the developed world widely embraced f...
This article provides an overview of how the G3 (USA, the euro area and Japan) and Asian emerging ma...