Crisis and Contagion in East Asia : Nine Lessons

The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asi...

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Bibliographic Details
Main Authors:	Kawai, Masahiro, Newfarmer, Richard, Schmukler, Sergio L.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ADB AGGREGATE DEMAND ASSET PRICE BUBBLES ASSETS BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANK EXPOSURE BANK LIABILITIES BANK LOANS BANK OF KOREA BANK OF THAILAND BANKING CRISES BANKING SECTOR BOND MARKETS BORROWING CAPITAL ACCOUNT CAPITAL ACCOUNT LIBERALIZATION CAPITAL CONTROLS CAPITAL FLIGHT CAPITAL FLOWS CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CD CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS COMPETITIVENESS CONTAGION CONTINGENT LIABILITIES CORPORATE FINANCE CORPORATE SECTOR CREDIT BOOM CREDIT EXPANSION CURRENCY BOARD CURRENCY CRISES CURRENCY CRISIS CURRENCY DEVALUATIONS CURRENCY RISK CURRENT ACCOUNT CURRENT ACCOUNT DEFICITS DEBT DEBT CRISIS DEFICITS DEMAND DEPOSITS DENOMINATED LOANS DEPOSITORS DEVALUATION DEVELOPMENT ECONOMICS DOLLAR TERMS DOMESTIC BANKS DOMESTIC CREDIT DOMESTIC FINANCIAL INTERMEDIATION DOMESTIC FINANCIAL MARKETS DOMESTIC FINANCIAL SYSTEMS DOMESTIC INVESTORS DOMESTIC LIQUIDITY DOMESTIC POLICIES ECONOMIC BOOM EMERGING MARKET ECONOMIES EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATES EXPORT GROWTH EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCE EXTERNAL SHOCKS FEDERAL RESERVE BANK FEDERAL RESERVE BANK OF NEW YORK FINANCE COMPANIES FINANCIAL ASSETS FINANCIAL CONTAGION FINANCIAL CRISES FINANCIAL DISTRESS FINANCIAL GLOBALIZATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL VOLATILITY FISCAL POLICY FOREIGN ASSETS FOREIGN BANKS FOREIGN BORROWING FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FOREIGN INVESTORS FOREIGN MARKETS FORWARD COMMITMENTS GDP GLOBALIZATION GOVERNMENT DEBT GOVERNMENT GUARANTEES HEDGE FUNDS HONG KONG MONETARY AUTHORITY INCOME GROUPS INTERDEPENDENCE INTEREST RATE POLICY INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL BANKING FACILITY INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL ARCHITECTURE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL RESERVES LIQUID MARKETS LIQUIDITY LIQUIDITY SUPPORT LOCAL CURRENCY LOOTING LOW INTEREST M2 MACROECONOMIC IMBALANCES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMICS MERCHANT BANKS MONETARY AGGREGATES MONEY MARKET MONEY SUPPLY MULTIPLE EQUILIBRIA MUTUAL FUND NOMINAL INTEREST RATE OFFSHORE BANKING PORTFOLIOS PRICE DECLINES PRIVATE BANKS PRIVATE EXTERNAL DEBT PRIVATE SECTOR PRODUCTIVITY RECESSION RISK FACTORS RISK TAKING SAVINGS SAVINGS DEPOSITS SHORT TERM DEBT STOCK MARKET STOCK MARKET PRICES STOCK MARKETS STOCK PRICES SUPERVISORY AUTHORITIES TRADING TRANSPARENCY
Online Access:	http://documents.worldbank.org/curated/en/2001/06/1346344/crisis-contagion-east-asia-nine-lessons http://hdl.handle.net/10986/19635

Internet

http://documents.worldbank.org/curated/en/2001/06/1346344/crisis-contagion-east-asia-nine-lessons
http://hdl.handle.net/10986/19635

Crisis and Contagion in East Asia : Nine Lessons

Internet

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