The Asian Economy Crisis

The Asian Economy Crisis The following discourse will outline two different viewpoints of the causes for the East~ Asian economic crisis. We will discuss the possible remedies and methods of prevention for such a crisis in the future and the reasons for and against certain exchange rate regimes. It was mid-1997; the' Asian Miracle' was still in full bloom when the Asian economic crises erupted. What followed were sharp decreases in currencies, stock market crashes …

…Frederic S. Mishkin - Global Financial Issues: Framework, Events, Issues 4 Paul Krugman - Will Asia Bounce Back 5 Stanley Fischer 6 Frederic S. Mishkin- Global Financial Issues: Framework, Events, Issues 7 Jeffrey D. Sachs 8 Stanley Fischer - Reforming the International Financial System 9 Stanley Fischer - Reforming the International Financial System 10 Dombusch & Fischer - Macroeconomics 11 Volcher 1999 11 Volcher 1999 12 Sean Turnell- Establishing an East Timorese National Currency via a Currency Board 13 Nouriel Roubini - The Case Against Currency Boards