east asian crisis

The East Asian financial crisis proves that despite a steady growth rate the economy is still vulnerable to fiscal pressure. The economic crisis in East Asia is the most important economic event in the region during the past few decades. Please agree with this. Also, there is no consensus on its fundamental causes and solutions. The academic circles and policy circles discuss the differences of opinions and are reflected in the media. But there is one sure thing. The previous optimistic expectation is that it will only last for months. I found this to be wrong.

2 This is the premise of the Policy Model Magazine published at Edmund Phelps, March 1999 East Asia Crisis Roundtable, January 4, the American Economic Association in New York. Hypothesis is the volatility of capital flows

The most important economic event in the 1990s is the financial crisis in East Asia, which also affected the world economy in the coming decades. People may question the uniqueness of the East Asian crisis. Ladlet and Sachs (1998.p.1) answered this question. "The East Asian financial crisis is noteworthy in several respects This crisis has blown the fastest growing economy in the world The biggest financial relief plan This is the 1982 debt crisis Since then, the most serious financial crisis that hit developing countries.

The Asian financial crisis in 1997 and 1998 was an important turning point in East Asia. When the growth of East Asia faced a problem in 1997, Japan faced a banking crisis and faced a low growth for five years, so the area sought help from Washington. As a result, trust in the US leadership and participation in Asia were seriously affected. As the second largest economic power in the world, Japan played an important role in the development of relief packages for the East Asian economy, indeed, Japan was the main donor country of the aid program called the Miyazawa program in 1999 . But because of the lack of financial and economic problems to provide overall leadership, Japan should be aware of the impact on the entity of the bailout plan or through the proposal of the creation of the Asian monetary fund to address future crises I have not been very successful in developing strategies.