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• W2110330787 abstract "In 1997 miracle came to a sudden and dramatic end. A group of East Asian economics that had performed remarkably well over previous two decades suddenly found their currencies under intense speculative pressure, their stock markets fell dramatically, and their economic growth rapidly declined. The Asian crisis spread to other emerging market economics, notably in Latin America and Russia. Speculation on causes of 1997-98 crisis varies from an old-fashioned panic (Radelet and Sachs 1998), to poor regulatory environments and conspiracy theories (Krugman 1999). Events such as this call for policy responses and for a reformation of international financial architecture, which McKinnon (1996) refers to as the rules of game. Irrespective of what precise rules are, they have common objectives: To foster efficiency in trade of goods and assets; to provide stability; and to provide an equitable, socially acceptable distribution of income and wealth (Swoboda 1999:2)." @default.
• W2110330787 created "2016-06-24" @default.
• W2110330787 creator A5038681222 @default.
• W2110330787 date "2005-09-22" @default.
• W2110330787 modified "2023-09-26" @default.
• W2110330787 title "The 1997-98 Asian crisis: a property rights perspective" @default.
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