Σχολή Οικονομικών Επιστημών
Μόνιμο URI για αυτήν την κοινότηταhttps://pyxida.aueb.gr/handle/123456789/58
Η Σχολή Οικονομικών Επιστημών περιλαμβάνει τα Τμήματα: - Τμήμα Οικονομικής Επιστήμης - Τμήμα Διεθνών και Ευρωπαϊκών Οικονομικών Σπουδών.
Περιήγηση
Πλοήγηση Σχολή Οικονομικών Επιστημών ανά Θέμα "1997 crisis"
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Α Β Γ Δ Ε Ζ Η Θ Ι Κ Λ Μ Ν Ξ Ο Π Ρ Σ Τ Υ Φ Χ Ψ Ω
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Τεκμήριο 1997 Asian crisis - the vulnerabilities of the "Asian Tigers" and the fiscal response towards recovery: a country by country analysis(02/18/2019) Kottas, Christos; Athens University of Economics and Business, Department of International and European Economic Studies; Tsakloglou, Panagiotis; Moutos, ThomasThe Asian economic and financial crisis that occurred in 1997 is considered as one of the most serious crises in the economic history. The contagion effect, following the depreciation of the Thai baht due to the massive speculative attack on July 1997, transmitted the crisis in the other countries of the area, mainly South Korea, Malaysia, Philippines, Singapore and Indonesia. This paper examines the anatomy of the East Asian financial crisis, analyzes the fiscal response and the measures that were implemented and assesses the macroeconomic adjustment of the involved countries by presenting the results of the measures implemented and its output the years afterwards. The analysis conducted is firstly country – oriented, that is, each country’s involvement in the crisis is examined separately focusing on the macroeconomic framework before the crisis. Moving towards the fiscal adjustment section of the paper, the analysis remains on a country-by-country level in order to analyze the measures implemented aiming at the assessment of the supporting programs degree of success and focusing on the International Monetary Fund’s and countries authorities intervention there, as well as the fiscal adjustments modalities that became necessary in this context. Finally, the paper overviews the situation and aftermath of these countries the years afterwards and the position of these countries in the modern world almost 20 years after the end of the Asian tigers crisis.