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Developments in East Asia and their implications for the UK and Europe

Published online by Cambridge University Press:  26 March 2020

Ray Barrell  and
Nigel Pain
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Extract

The turmoil in East Asia over the last six months has led to major realignments of many currencies in the region, whilst domestic equity and property markets have collapsed. Though each of the directly affected economies had some unique problems, all shared the key factors behind the collapse, an over-rapid growth in domestic investment, declining external competitiveness and inefficient and loosely regulated financial institutions.

Type
Articles
Information
National Institute Economic Review , Volume 163 , January 1998 , pp. 64 - 70
Copyright
Copyright © 1998 National Institute of Economic and Social Research

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Footnotes

∗

An early version of this paper was given at Project LINK in Kuala Lumpur in September 1997. We would like to thank participants at that conference and at a Bank of England seminar for their comments, and Florence Hubert for her assistance in preparing the paper. Simon Broadbent has also contributed to our understanding of events in the region.

References

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