Abstract
This chapter has three objectives: (i) to demonstrate that from Asia’s experience and perspective, in managing a financial crisis it is critically important to distinguish between the proximate and the root causes and to focus on the latter rather than the former, because otherwise the patient may be given the wrong medicine which could worsen the disease; (ii) to apply root cause analysis to recent financial crises and point out the similarities and differences with a focus on the on-going Eurozone crisis; and (iii) to assess the impact of the Eurozone crisis on Asia.
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© 2014 Pradumna B. Rana and Michael R. Blomenhofer
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Rana, P.B., Blomenhofer, M.R. (2014). The Eurozone Crisis: A Perspective from and Impact on Asia. In: Dăianu, D., Basevi, G., D’Adda, C., Kumar, R. (eds) The Eurozone Crisis and the Future of Europe. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137356758_11
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DOI: https://doi.org/10.1057/9781137356758_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47060-0
Online ISBN: 978-1-137-35675-8
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