The Asian Crisis: The High Debt Model Versus the Wall Street-Treasury-IMF Complex

1998/03/31 by Robert Wade, Frank Veneroso · 4 citations
Economics, Econometrics and Finance · #Global Financial Crisis and Policies

paper · doi:10.64590/suv

Abstract

How could the widely acknowledged real estate problems of Thailand’s banks in 1996 and 1997 have triggered such a far-reaching debt-and-development crisis? The devaluation of the Thai baht in July 1997 was followed by currency crises or financial instability in Indonesia, Malaysia, the Philippines, Taiwan, Hong Kong, Korea, . . .

Cited by

• Beyond the Stereotype: Restating the Relevance of the Dependency Research Programme
• Decarbonising national growth models: derisking, ‘hobbled states’, and the decarbonisation possibility frontier
• Accounting as an instrument of neoliberalisation?
• Making Global Norms

Related

• Bank Branching Strategies in the 1997 Thai Financial Crisis and Local Access to Credit
• An Alternative View of Sri Lanka's Debt Crisis
• Making Process, Not Progress: ASEAN and the Evolving East Asian Regional Order
• Tracking the Hidden Forces Behind Laos' 2022 Exchange Rate Crisis and Balance of Payments Instability
• The Return of Debt Crisis in Developing Countries: Shifting or Maintaining Dominant Development Paradigms?