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A Critical Analysis of the 1997 Asian Financial Crisis

A Critical Analysis of the 1997 Asian Financial Crisis

| October 22, 2012 | 0 Comments

  Abstract There exists vast literature regarding the 1997 Asian financial crisis. Wade (1998) observed that: Interpretations of the Asian crisis have coalesced around two rival stories: the “death throes of Asian state capitalism” story about internal, real economy causes; and the “panic triggering debt deflation in a basically sound but under-regulated system” story that […]

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