Hidden Bibliographic Details
| Other authors / contributors: | Loungani, Prakash.
Stone, Mark R. (Mark Richard)
International Monetary Fund. Asia and Pacific Department.
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| ISBN: | 9781451935547
1451935544
9781451900286
1451900287
1462353940
9781462353941
1452777462
9781452777467
1283558173
9781283558174
9786613870629
6613870625
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| Notes: | Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation This paper reviews macroeconomic developments during the first year of the crisis in east Asia and draws some preliminary policy lessons. the crisis is rooted in the interaction of large capital inflows and weak private and public sector governance. At the same time, macroeconomic adjustment in these countries has resulted in some surprising outcomes, including severe economic contractions, low inflation, and rapid external adjustment. the lessons for crisis resolution include the importance of tight monetary policy early on for exchange rate stabilization, flexible fiscal policy, and comprehensive structural reform. Crises are avoided by prudent macroeconomic policies, diligent bank supervision, transparent data dissemination, strong governance, and forward-looking policymaking, even in good times.
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| Other form: | Print version: Kochhar, Kalpana. East Asian crisis. [Washington, D.C.] : International Monetary Fund, Asia and Pacific Department, ©1998
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