"In the East Asian crisis, "connections" - with industrial groups or influential families - increased the probability of distress for financial institutions. Co

This study not only examines the countries most severely affected by the Asian financial crisis, but also draws lessons from those whose economies escaped the w

The 1997-1999 East Asian crisis is an interesting case for studying the determinants of distress and closure of financial institutions. Of a sample of 283 finan

An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those

Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and l