What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
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The paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even if market overreaction and herding caused the plunge of exchange rates, asset prices, and economic activity to be more severe
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美国国家经济研究局创建时间：
1998-12-01
