How did the Asian countries avoid the debt crisis? (English)

Economic stability, sound macroeconomic policies, and appropriate microeconomic incentives hold down a country's external debt burden. Most of the Asian countries pursued prudent macroeconomic policies, paid attention to price stability, and minimized price distortions. These countries avoided the overvalued exchange rates and uncompetitive interest rates that caused massive capital flight from Latin American and some African countries. The author...

DETAILS

Author

Husain, Ishrat;
Document Date
1991/10/31
Document Type
Policy Research Working Paper
Report Number
WPS785
Volume No
1
Total Volume(s)
1
Country
South Asia, East Asia and Pacific,
Region
South Asia, East Asia and Pacific,
Disclosure Date
2010/07/01
Doc Name
How did the Asian countries avoid the debt crisis?
Keywords
general agreement on tariffs and trade

DOWNLOADS

COMPLETE REPORT

Official version of document (may contain signatures, etc)

Official PDF
TXT*
Total Downloads** : 1425
Download Stats
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Husain, Ishrat.

How did the Asian countries avoid the debt crisis? (English). Policy, Research, and External Affairs working papers ; no. WPS 785. Debt and international finance Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/289461468776979430

How did the Asian countries avoid the debt crisis? (English)

DETAILS

DOWNLOADS

COMPLETE REPORT

Citation

SUBSCRIBE TO EMAIL ALERTS