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    • Volume 30, Issue 1
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    • IDS Bulletin
    • 1990 - 1999
    • Volumes 21 - 30
    • Volume 30, Issue 1
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    Asia's ‘Victorian’ Financial Crisis

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    IDSB_30_1_10.1111-j.1759-5436.1999.mp30001006.x.pdf (321.1Kb)
    Date
    01/01/1999
    Author
    Howell, Michael
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    Impact
    Abstract
    Summary Like the European economic crises of the nineteenth and early twentieth centuries, the crisis in East Asia is essentially an overproduction crisis. As in other such episodes, the East Asian case was characterised by large current account deficits prior to the crisis. Capital flows were channelled into investment projects, yet the region's underdeveloped banking systems served to exacerbate liquidity fluctuations rather than limit them. IMF resources and demand management are essential for crisis management. In the long run, currency blocks may produce more stable currency arrangements.
    URI
    https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/9136
    Citation
    Howell, M. (1999) Asia's ‘Victorian’ Financial Crisis. IDS Bulletin 30(1): 56-73
    DOI
    10.1111/j.1759-5436.1999.mp30001006.x
    Is part of series
    IDS Bulletin Vol. 30 Nos. 1
    Rights holder
    © 1999 Institue of Development Studies
    Rights details
    http://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdf
    Collections
    • Volume 30, Issue 1 [13]

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