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ERIC Number: EJ767237
Record Type: Journal
Publication Date: 2007
Pages: 17
Abstractor: Author
ISSN: ISSN-0022-0485
Financial Crisis, Capital Outflows, and Policy Responses: Examples from East Asia
Rajan, Ramkishen S.
Journal of Economic Education, v38 n1 p92-108 Win 2007
Financial crises seem to have become the norm rather than the exception since 1992. The author examines the impact of a crisis of confidence and resultant capital outflows from a small and open economy and the possible policy options in response to such outflows, using simple tools and definitions that will be familiar to any money and banking or intermediate macroeconomics student. Examples are drawn from the East Asian crisis of 1997-98 (Indonesia, Korea, Malaysia, and Thailand), although the analysis remains pertinent to emerging economies in general. (Contains 10 figures and 20 endnotes.)
Heldref Publications. 1319 Eighteenth Street NW, Washington, DC 20036-1802. Tel: 800-365-9753; Tel: 202-296-6267; Fax: 202-293-6130; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Asia; Indonesia; Malaysia; South Korea; Thailand
Grant or Contract Numbers: N/A