The Asian Financial Crisis and the Architecture of Global Financeby Gregory Noble; John Ravenhill
โ Scribed by Review by: TRACY YANG
- Book ID
- 124294318
- Publisher
- ISEAS - Yusof Ishak Institute
- Year
- 2001
- Tongue
- English
- Weight
- 361 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0217-4472
- DOI
- 10.2307/25773678
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
Recent attempts to diagnose the causes of the Asian ยฎnancial crisis are examined in this paper. The view, supported in the IMF and other inยฏuential sources, that it was the outcome of a market response to policy deยฎciencies is subject to critical scrutiny. It is argued that the discussion of a new i
## Abstract The article argues that the primary cause of the current subprime mortgage crisis in the United States is the absence of adequate market discipline in the financial system. This tends to promote excessive lending, high leverage, speculation, and an unsustainable rise in asset prices. Un