Abstract
Some of the larger countries in the developing world, flushed with recent market recognition as ‘emerging market economies’ (EMEs) and corresponding easily reversible capital inflows, have pursued policies seemingly oblivious of lessons from recent financial crises, both in 1997–98 and 2008–09. India, Brazil, South Africa and Indonesia are now among the more prominent ‘victims’ of events following growing uncertainty about the imminent end of the US Fed quantitative easing (QE)-induced emerging market bubbles of recent years.
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© 2014 Jomo Kwame Sundaram
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Sundaram, J.K. (2014). What Did We Learn from the 1997–98 East Asian Crises?. In: Papadimitriou, D.B. (eds) Contributions to Economic Theory, Policy, Development and Finance. Levy Institute Advanced Research in Economic Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137450968_14
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DOI: https://doi.org/10.1057/9781137450968_14
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