Chapter

The Global Financial and Economic Crisis

Yung Chul Park and Charles Wyplosz

in Monetary and Financial Integration in East Asia

Published in print July 2010 | ISBN: 9780199587124
Published online September 2010 | e-ISBN: 9780191723377 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199587124.003.0005
The Global Financial and Economic Crisis

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This chapter attempts to draw early lessons from the financial crisis. It contrasts East Asia's rapid resurgence with Europe's halting recovery. Exchange stability within the euro area is contrasted with large fluctuations elsewhere in Europe and in East Asia.

Keywords: financial crisis; exchange rates; economic recovery; Euro area; Europe

Chapter.  4325 words.  Illustrated.

Subjects: Financial Markets

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