The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asian crisis. 1) Preventing crises and contagion: avoid large current account deficits financed through short-term private capital inflows. Aggressively regulate and supervise financial systems to ensure that...
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INFORMATION
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2001/06/30
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Document de travail de recherche sur les politiques
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WPS2610
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1
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1
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2010/07/01
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Disclosed
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Crisis and contagion in East Asia : nine lessons
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federal reserve bank of new york
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