Razin, Asaf; Rosefielde, Steven - In: CESifo economic studies : CESifo, a joint initiative of … 57 (2011) 3, pp. 499-530
We survey three distinct types of financial crises which took place in the 1990s and the 2000s: (i) The credit implosion leading to severe banking crisis in Japan, (ii) The foreign reserves’ meltdown triggered by foreign hot money flight from frothy economies with fixed exchange rate regimes...
