Rebuilding Confidence in Asia
Author:
Michel Camdessus https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:
English
Print Publication Date:
01 Oct 1998
Keywords:
MTU; country; market; Africa; governance; economy; central bank liability; market doubt; government policy; markets confidence; authorities' decision; Financial sector; Exchange rates; Hedge funds; Currencies; Asia and Pacific; Global

Abstract

Thank you, ladies and gentlemen. I am very pleased to have this opportunity to speak to you, the business leaders of Southeast Asia, at this critical moment in the region’s economy. The crisis that began in Thailand has now shaken a number of other economies in the region, and its aftershocks have been felt as far away as Latin America and eastern Europe. Countries that have been accustomed to, in some cases, decades of high growth now face the prospect of a marked slowdown in economic activity. This has prompted some observers to suggest that perhaps the so-called Asian miracle was only a “mirage.”

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Cover Navigating Stormy, Uncharted Waters
Navigating Stormy, Uncharted Waters
ISBN:
9781557757623
Publication Date:
01 Oct 1998
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557757623.076
Pages:
68