Paper Tigers? A Model of the Asian Crisis
收藏NBER1998-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6783
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资源简介：
This paper develops an interpretation of the Asian meltdown focused on moral hazard as the common source of overinvestment, excessive external borrowing, and current account deficits. To the extent that foreign creditors are willing to lend to domestic agents against future bail-out revenue from the
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美国国家经济研究局创建时间：
1998-11-01
