A Krugman-Dooley-Sachs Third Generation Model of the Asian Financial Crisis.

A Krugman-Dooley-Sachs Third Generation Model of the Asian Financial Crisis.

This paper presents a multiple-equilibrium model of the Asian financial crisis. The economy has Krugman-style over-investment caused by weak financial regulation and exacerbated by government guarantees. Following Dooley, the government only has a limited capacity or willingness to honour such guara...

Bibliográfalaš dieđut
Váldodahkkit:	Irwin, G, Vines, D
Materiálatiipa:	Working paper
Giella:	English
Almmustuhtton:	CEPR 1999

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