Statistical data indicate that the Philippines has recovered post-2002 from the east Asian financial cataclysm. Recovery has been spurred by services and overseas workers' remittances, but the share...
East Asia: A Decade After
Ten years after the east Asian crisis, the volume of capital flows to developing countries has exploded, but has vulnerability to crises been reduced because of the prudence built into the financial...
In this paper, the post-crisis experience of the five economies of Thailand, South Korea, Malaysia, Indonesia and the Philippines is considered. It is found that while output growth has recovered to...
The article constructs a theory to understand a financial crisis in an open third world economy in the context of a sequence of stock equilibria, ensured by inelastic expectations. It then explores...
Until 1997, successive governments of South Korea had pursued "developmental citizenship" - industrialisation at a pace that created jobs and raised incomes, even if social security benefits were...
The 1997 east Asian crisis marks a major shift in the role and prospects of private domestic capital, part of a major adjustment to globalisation with far-reaching implications. Over the second-half...
The financial disaster that erupted in east Asia 10 years ago had a devastating impact on Indonesia as the economic contraction was the worst among all the affected countries. Indonesia experienced...
In the wake of the east Asian financial crisis in mid-July 1997, not only were the initial policy initiatives taken by the Malaysian government to counter portfolio capital flight ill-conceived, the...
