Asia: A Perspective on the Subprime Crisis

Khor, Hoe Ee and Kee, Rui Xiong (2008): Asia: A Perspective on the Subprime Crisis. Published in: Finance and Development , Vol. 45, No. 2 (1 June 2008): pp. 19-23.

Abstract

The authors, from the Monetary Authority of Singapore, examines the current crisis through the lens of the financial crisis that hit Asia in 1997. They discuss lessons that industrial countries can take from the Asian crisis and lessons Asian countries can learn from the subprime crisis. They also examine the reasons for Asia's resilience, so far, to the financial crisis.

• Item Type: MPRA Paper
• Language: English
• Keywords: A comparison of the causes of Asian financial crisis and the subprime crisis and their lessons
• Subjects: G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information ; Mechanism Design

References

Krugman, Paul, 1998, “What Happened to Asia?” (unpublished; Cambridge: Massachusetts Institute of Technology).

Minsky, Hyman, 1992, “The Financial Instability Hypothesis,” Levy Economics Institute Working Paper 74 (New York). Source: CEIC.