Series: IMF Working Papers
Author(s): Kalpana Kochhar , Prakash Loungani , and Mark Stone
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1998
Keywords: crisis countries, exchange rate, asian crisis, exchange rates, contagion
This paper reviews macroeconomic developments during the first year of the crisis in east Asia and draws some preliminary policy lessons. The crisis is rooted in the interaction of large capital inflows and weak pr...