Patnaik, Ila; Shah, Ajay; Sethy, Anmol; … - In: International Review of Economics & Finance 20 (2011) 1, pp. 32-43
Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged to the US Dollar. During the crisis, many economies experienced a brief period of extreme flexibility. A [`]fear of floating' gave reduced flexibility when the crisis subsided, but flexibility after the crisis...