Munich Personal RePEc Archive

The Causes of Asian Currency Crises

Kirrane, Christopher (2018): The Causes of Asian Currency Crises. Published in: Asian Journal of Political Economy , Vol. 5, (January 2018): pp. 107-117.


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This paper attempts to answer three questions: (1) does international finance in general and national and international monetary and financial institutions cause financial and economic instability for countries?; (2) Is it possible to prevent the benefits of increased access to international capital markets from being diminished and even reversed by international and national monetary and financial crises, and, as a corollary, (3) are current national currencies outdated?

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