Bubbles, monetary management and the Asian currency crisis
We propose a life cycle of bubbles (from a quiescent stable state to a bubble to its collapse) where the role of monetary management is crucial. We claim that the policy of liberalizing short-term capital and private foreign borrowing (which was in effect a non-inflationary expansionary monetary poli...
| Εκδόθηκε σε: | The Philippine Review of Business and Economics Vol. XXXV, No. 2 (December 1998), p. 208-221. |
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| Κύριος συγγραφέας: | |
| Μορφή: | Analytics |
| Γλώσσα: | Αγγλικά |
| Έκδοση: |
1998.
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