Savings Instruments, Bubbles, and Financial Crises

  • Lok Sang Ho


We badly need to improve the financial market’s intermediary function between savers and investors. Savers need protection against inflation and foreign exchange risks and seek a positive return. The absence of such an instrument directly led to the formation of bubbles.


Exchange Rate Stock Market Excess Capacity Property Price Asian Financial Crisis 
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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Lok Sang Ho
    • 1
  1. 1.Center for Public Policy StudiesLingnan UniversityHong Kong

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