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Lessons from the Asian Crisis

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NBER2000-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7102
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资源简介:
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
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2000-08-01
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