Abstract

The author argues that although we do not have, and are not likely to have, a complete theory of what precipitated the Asian financial crisis, there are certain characteristics of the evonomy and certain government policies that increased these countries' vulnerability to a crisis and amplified the aftershocks.

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Citation

Stiglitz, Joseph. "The Role of International Financial Institutions in the Current Global Economy." In The Rebel Within. Ed. Ha-Joon Chang. London: Anthem, 2001.

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