SAQIB, Omar F

The east asian crisis in kindlebergeer-minsky's framework - São Paulo : Editora 34, abr./jun. 2001

The paper reviews the 1997 East Asian crisis within the framework of the five stages of displacement, boom, overtrading, revulsion, and tranquillity of the Kindleberger-Minsky model. It further notes that the recent interpretations of the crisis, based on the hypotheses of fundamental imbalances and financial panic, conform to the stages of the Kindleberger-Minsky model