Abstract
Adverse shift in investors’ confidence in Asia was associated with weak fundamentals, particularly those pertaining to the external and financial sectors. Lessons from the crisis include strengthening those fundamentals, creating a large liquidity fund, and designing loss-sharing arrangements involving private lenders and borrowers.
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© 1999 Springer Science+Business Media New York
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Villanueva, D. (1999). An Analysis of Financial Crisis. In: Hunter, W.C., Kaufman, G.G., Krueger, T.H. (eds) The Asian Financial Crisis: Origins, Implications, and Solutions. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5155-3_45
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DOI: https://doi.org/10.1007/978-1-4615-5155-3_45
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-7347-6
Online ISBN: 978-1-4615-5155-3
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