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Persistent link: https://www.econbiz.de/10012151657

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The Asian disease : plausible diagnoses, possible remedies ; regulation of cross-border interbank lending and derivatives trade

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Asia presents a cumulation of apparently rational decisions that produced disastrous results - a textbook illustration of "financial instability" developing from the economics of euphoria. A combination of factors produced the crisis as enormous capital inflows were drawn to the "Asian...