East Asia in the Aftermath : Was there a Crunch?

Was there a Crunch?

East Asia in the Aftermath : Was there a Crunch?
This paper uses a disequilibrium framework to investigate a possible credit crunch in the East Asian crisis countries (Indonesia, Korea, and Thailand) during 1997-98. It defines a credit crunch as a situation in which interest rates do not equilibrate supply and demand for credit and the aggregate amount is supply constrained, i.e. there is... READ MORE...

Publication date: March 1999
ISBN 9781451845679
$15.00

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