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This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10012470928
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10013225947
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Asia. The book contains a collection of studies by international experts in economics and finance with special focus on … major aspects of the economic management of the Asia crisis … Singapore: Economic Management During and After the Asia Crisis 220 -- Tran Van Hoa -- 11 Management of Economic and Financial …
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