Reinhart, Carmen and Kaminsky, Graciela (1998): Financial crises in Asia and Latin America: Then and now. Published in: American Economic Review , Vol. 88, (May 1998): pp. 444-449.
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In this paper, we analyze the extent to which past financial crises share common characteristics in Latin America, Asia, Europe, and the Middle East. We examine the recent crises in Asia and in Latin America, in particular their severity, to assess whether the considerable historical differences that we have documented for the earlier sample have eroded. We conclude that in a deregulated world, the "well-behaved" Asian financia1 crises are a relic of the past.
|Item Type:||MPRA Paper|
|Original Title:||Financial crises in Asia and Latin America: Then and now|
|Keywords:||financial crises banking volatility capital flows FDI currency crash|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F40 - General
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles
F - International Economics > F3 - International Finance > F30 - General
|Depositing User:||Carmen Reinhart|
|Date Deposited:||09. Mar 2009 18:38|
|Last Modified:||12. Feb 2013 07:50|
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