Asian Financial crises

Chapter 12 The Yen and Boom–Bust Cycle in East Asia

International Monetary Fund
Published Date:
January 2001
    • ShareShare
    Show Summary Details

    One of the key determinants of the boom–bust cycle in East Asia was the sharp appreciation of the yen against the dollar between the mid-1980s and the mid-1990s, and its subsequent depreciation. Real investment and speculative financial capital in and into East Asia responded too much to the yen movements.

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication