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 was its output performance stronger than that of other regions? The paper shows that better initial conditions—in the form of lower external and financial vulnerabilities—contributed significantly to Asia’s resilience. Key pre-crisis factors included... READ MORE...

Publication date: February 2014
ISBN 9781475540284
$18.00

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