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It is interesting to note that after two years of recession in East Asia, almost all the countries in this region are … rising again. In the wake of that sudden onslaught on the economies of East Asia, many new questions have come to the fore … resolving the crisis? Why is East Asia rising again after the two-year recession?. The editors of this volume organized a …
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Analysis of the financial crisis in East Asia has focussed on the most-affected East Asian economies, namely: Thailand … percent of the GDP of East Asia. Japan, which accounts for over 60 percent of regional GDP, has its own unique tale with … generalizing the story of the crisis economies to East Asia as a whole, and in linking this debate to the earlier Asian Miracle …
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This text opens with a discussion of the nature, causes and consequences of the Asian Financial Crisis (AFC). It examines the impact the AFC had as well as offers answers for the questions: why was the economic downturn so severe and why was the territory initially a laggard in economic recovery?
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The goal of this paper is to provide stylized facts on recovery from economic downturns and to evaluate the role of macroeconomic policies in promoting recovery. In particular, we examine gross domestic product (GDP) recessions and financial downturns (credit contractions and stock price...
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