Why Was Asia Resilient? Lessons from the Past and for the Future

Why Was Asia Resilient? Lessons from the Past and for the Future
Asia proved to be remarkably resilient in the face of the global financial crisis, but why wasits output performance stronger than that of other regions? The paper shows that better initialconditions—in the form of lower external and financial vulnerabilities—contributedsignificantly to Asia's resilience. Key pre-crisis factors included moderate READ MORE...

Publication date: February 2014
ISBN 9781475540284
$18.00

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