Asian Financial Crisis and the IMF

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  • アジア通貨危機とIMF・日本
  • アジア ツウカ キキ ト IMF ニホン

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Description

We, economists, must derive lessons from history. What are the lessons of the Asian financial crisis and its contagion for the future crises? I am expecting the different type of crises in the future. Economists of academics, international organizations like IMF, and research institutions are capable to understand and analyze the past experiences. But they have made mistakes. Managing Director of the IMF called the Asian financial crisis in the late 1990s a “21st century type crisis.” But IMF conditionality for Thailand was based on the old-fashioned Washington Consensus. Economists should be flexible for the future crises.

Journal

  • KOKUSAI KEIZAI

    KOKUSAI KEIZAI 2008 (59), 5-29, 2008

    The Japan Society of International Economics

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