What lessons from Latin American capital-market crises might have been useful to prevent, or at least minimize, the East Asian crisis?
What will be an ideal response?
Lessons might have included the need for strong prudential regulation of financial institutions, more flexible exchange rate arrangements, and stricter conditions on the borrowing of favored enterprises.
Economics
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The base for the purchasing power parity adjustment of the GNI is the cost of living in the United States.
a. true b. false
Economics
The Ricardian model (with constant opportunity costs) predicts that a nation will ______________ in the production of the good it exports.
a. have a comparative disadvantage b. develop shortages c. lower the cost of production d. specialize completely
Economics