Blindsided by Asia

Putnam, Barron H.
November 1998
Financial Executive;Nov98, Vol. 14 Issue 6, p15
Academic Journal
The editorial comments on an economic crisis in Southeast Asia--particularly Japan and China. Statistics indicate that the financial crisis has reduced worldwide economic growth by half during the period of 1997 and 1998. Investors' concern about a domino effect and global recession has resulted in capital movements from and higher interest rates in developing countries. Topics include a Keynesian liquidity trap and monetary policy.


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