A Comparative Essay on the Causes of Recent Financial Crises

Selim, Tarek (2005): A Comparative Essay on the Causes of Recent Financial Crises. Published in: The Business Review of Cambridge , Vol. 3, No. 2

Abstract

Causes of recent financial crisis are explored. The study points out different reasons for the financial crisis which have plagued different countries and takes a country by country analysis as the main approach. The essay includes aspects of short-term volatility, macroeconomic fundamentals, policy misalignments, banking performance, exchange rate management, and contagion. A comparative summary concludes the analysis. Countries studied include Mexico (1994), Thailand (1997), Korea (1997), Indonesia (1998), Malaysia (1998), Russia (1999), Brazil (1999), Turkey (2000), and Argentina (2001).

• Item Type: MPRA Paper
• Language: English
• Keywords: financial crises, contagion, exchange rate, volatility, macroeconomic, economic development, Mexico, Thailand, Korea, Indonesia, Malaysia, Russia, Brazil, Turkey, Argentina.
• Subjects: F - International Economics > F3 - International Finance > F31 - Foreign Exchange; G - Financial Economics > G0 - General > G01 - Financial Crises; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation; N - Economic History > N2 - Financial Markets and Institutions; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies

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