From One Crisis to Another in East Asia: The Impact on Regional Integration
Figuière, Catherine
From One Crisis to Another in East Asia: The Impact on Regional Integration - 2011.
64
This paper analyzes the link between the process of regional economic integration in East Asia and the history of two major recent economic crises: 1997, the so-called Asian crisis, and 2007, the subprime crisis, ten years later. In 1997, an economic crisis occurred in Asia and forced countries to put in place the bases of a regional financial and monetary regime. In 2007, a new crisis began in the United States and later expanded worldwide. In Asia, countries decided to deepen their cooperation, particularly over monetary matters, thereby strengthening the regional regime.
From One Crisis to Another in East Asia: The Impact on Regional Integration - 2011.
64
This paper analyzes the link between the process of regional economic integration in East Asia and the history of two major recent economic crises: 1997, the so-called Asian crisis, and 2007, the subprime crisis, ten years later. In 1997, an economic crisis occurred in Asia and forced countries to put in place the bases of a regional financial and monetary regime. In 2007, a new crisis began in the United States and later expanded worldwide. In Asia, countries decided to deepen their cooperation, particularly over monetary matters, thereby strengthening the regional regime.
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