Southeast Asia's currency crisis: a diagnosis and prescription  

Oleh:

Rosenberger, Leif Roderick

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Contemporary Southeast Asia: A Journal of International and Strategic Affairs vol. 19 no. 03 (Dec. 1997), page 223-251.
Topik: Economy; Asian Tigers; crisis

Ketersediaan

Perpustakaan PKPM Nomor Panggil: C12 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The currency crisis in Southeast Asia in 1997 primarily reflects homegrown shortcomings in the national economic strategies of Thailand, Malaysia and Indonesia. While international factors (such as the devaluations of the Japanese and Chinese currencies and NAFTA) all contributed to large and destabilizing current account deficits, crony capitalism and an economic model that favoured runaway econimic growth over financial stability have been largely responsible for the financial turmoil. So far, the policy response of the "Asian tigers" has been piecemeal and inadequate. Until this policy paralysis changes, investors will remain jittery about the region and financial turbulence will frustrate economic recovery and political stability.

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