The Asian Financial Crisis and the Role of the IMF

Journal of the Asia Pacific Economy, Vol. 4, pp. 393-412, 1999

33 Pages Posted: 6 Jan 2011

See all articles by Elaine Hutson

Elaine Hutson

Monash University - Dept of Banking and Finance; Financial Research Network (FIRN)

Colm Kearney

Monash University - Monash Business School

Date Written: October 4, 1998

Abstract

This paper begins with a commentary on the unfolding of the Asian Crisis, and includes summary information on the effect of the crisis on the rate of economic growth and unemployment in the region. A review of current thinking on the causes of the crisis follows. This review evaluates whether the Asian crisis was caused primarily by weaknesses in the affected economies, such as inappropriate exchange rate policies and inadequate financial regulation, or by international market failures. The paper concludes with a critical analysis of the International Monetary Fund’s role in the crisis. [enter Abstract Body]

Keywords: Asian crisis, IMF, financial regulation

Suggested Citation

Hutson, Elaine and Kearney, Colm, The Asian Financial Crisis and the Role of the IMF (October 4, 1998). Journal of the Asia Pacific Economy, Vol. 4, pp. 393-412, 1999, Available at SSRN: https://ssrn.com/abstract=1734740

Elaine Hutson (Contact Author)

Monash University - Dept of Banking and Finance ( email )

PO Box 197
Caulfield East, Victoria 3145
Australia
+61399032110 (Phone)

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Colm Kearney

Monash University - Monash Business School ( email )

Sir John Monash Drive
Caulfield
Melbourne, Victoria 3168
Australia
+353399031021 (Phone)

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