Chapter

The Buildup of the Crisis

Yung Chul Park

in Economic Liberalization and Integration in East Asia

Published in print December 2005 | ISBN: 9780199276776
Published online February 2006 | e-ISBN: 9780191603051 | DOI: http://dx.doi.org/10.1093/0199276773.003.0007
 The Buildup of the Crisis

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The Asian crisis occurred due to massive foreign investments in East Asia which created strong inflationary pressures, overvalued currencies, and growing current account deficits. An examination of the post-crisis period questions whether the rapid recovery can be attributed to the IMF structural reform programs.

Keywords: capital inflows; inflation; currency crisis; structural reform; market confidence; economic recovery

Chapter.  2749 words.  Illustrated.

Subjects: Business and Management

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