In August 1998, the Asian currency crisis that had started in mid-1997 metastasized into a global financial crisis with the devaluation of the rouble and a declaration of a Russian Government default on its internal debt. Is this the first wave of such crises the world will see in the future? One common feature among the countries that have fallen victim to the crisis is that they were all…
This volume represents a first dialogue between European and Asian Economists concerning the common outlook of the two continents following the financial crisis which struck Asia in 1997. The papers in this volume were presented at the ASEF/CEPII conference in Paris, May 1998 which brought together Asian and European Economists and economic practitioners for an open and critical appraisal of th…