Crisis and Recovery: Learning from the Asian Experience is a
collection of selected articles related to the Asian experience
with two crises - the Asian financial crisis in 1997-98 and the
global financial crisis of 2007-08 - written by Dr Jong-Wha Lee,
former chief economist of the Asian Development Bank. These papers
are grouped into three broad topics: Anatomy of Asian Growth and
Crises, Asian Financial Crises: Responses and Lessons, and Global
Financial Crisis and Challenges to Asia's Sustained Growth.The
topics include the relation of the East Asia's development
strategies with the 1997-98 Asian financial crisis, the causes of
the Asian financial crisis, the desirability of IMF programs, the
assessment of recovery and structural reforms, the process of
spillovers of the global financial crisis to Asia, regional and
global economic linkages, the role of China and the renminbi, and
the long-term growth projections of Asian economies.The research
collected in this book will be very useful for policymakers who
want to learn from the Asian experience with the crises and it is a
key contribution to ongoing research and policy debates on the
future of Asian economies.
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