Bericht
The Asian disease: Plausible diagnoses, possible remedies. Regulation of cross-border interbank lending and derivatives trade
Asia presents a cumulation of apparently rational decisions that produced disastrous results - a textbook illustration of financial instability developing from the economics of euphoria. A combination of factors produced the crisis as enormous capital inflows were drawn to the Asian miracle-pegged exchange rates with fluctuating interest rates, integrated economies, moral hazard created by central banks, and short-term lending and derivatives trade without sufficient evaluation of risk and credit analysis of borrowers. The Asian tragedy demonstrates the need for improved regulation of cross-border interbank lending, improved accounting for both borrowers and lenders, and separation of the close links between governments and their banking sector.
- ISBN
-
0941276538
- Sprache
-
Englisch
- Erschienen in
-
Series: Public Policy Brief ; No. 44
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mayer, Martin
- Ereignis
-
Veröffentlichung
- (wer)
-
Levy Economics Institute of Bard College
- (wo)
-
Annandale-on-Hudson, NY
- (wann)
-
1998
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Bericht
Beteiligte
- Mayer, Martin
- Levy Economics Institute of Bard College
Entstanden
- 1998
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