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dc.contributor.authorHowell, Michaelen
dc.date.accessioned2016-02-24T14:29:58Z
dc.date.available2016-02-24T14:29:58Z
dc.date.issued01/01/1999en
dc.identifier.citationHowell, M. (1999) Asia's ‘Victorian’ Financial Crisis. IDS Bulletin 30(1): 56-73en
dc.identifier.issn1759-5436en
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/9136
dc.description.abstractSummary 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.en
dc.format.extent18en
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesIDS Bulletin Vol. 30 Nos. 1en
dc.rights.urihttp://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdfen
dc.titleAsia's ‘Victorian’ Financial Crisisen
dc.typeArticleen
dc.rights.holder© 1999 Institue of Development Studiesen
dc.identifier.doi10.1111/j.1759-5436.1999.mp30001006.xen


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