Financial Vulnerability, Spillover Effects and Contagion: Lessons from the Asian Crisis for Latin America (World Bank Latin American & Caribbean Studies. Viewpoints)

by World Bank

Guillermo Perry and Daniel Lederman

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There is already a large and growing literature about the financial crises affecting several former star economic performers in Asia. Some analysis have focused on the mismanagement of the structure of foreign debt and economic policies, while others have focused on weaknesses ingrained in the domestic financial and banking sectors of these economies. This paper attempts to reconcile these alternative explanations in a simple framework, where the causes and symptoms of "financial vulnerability" are distinguished.
  • ISBN10 0821342282
  • ISBN13 9780821342282
  • Publish Date 1 August 1998
  • Publish Status Active
  • Out of Print 25 February 2014
  • Publish Country US
  • Imprint World Bank Publications
  • Format Paperback
  • Pages 69
  • Language English