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A Comparative Essay on the Causes of Recent Financial Crises

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  • Selim, Tarek

Abstract

Causes of recent financial crisis are explored. The study points out different reasons for the financial crisis which have plagued different countries and takes a country by country analysis as the main approach. The essay includes aspects of short-term volatility, macroeconomic fundamentals, policy misalignments, banking performance, exchange rate management, and contagion. A comparative summary concludes the analysis. Countries studied include Mexico (1994), Thailand (1997), Korea (1997), Indonesia (1998), Malaysia (1998), Russia (1999), Brazil (1999), Turkey (2000), and Argentina (2001).

Suggested Citation

  • Selim, Tarek, 2005. "A Comparative Essay on the Causes of Recent Financial Crises," MPRA Paper 118612, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118612
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    File URL: https://mpra.ub.uni-muenchen.de/118612/1/MPRA_paper_118612.pdf
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    References listed on IDEAS

    as
    1. William R. White, 2000. "What have we learned from recent financial crises and policy responses?," BIS Working Papers 84, Bank for International Settlements.
    2. Caprio Jr., Gerard, 1998. "Banking on crises : expensive lessons from recent financial crises," Policy Research Working Paper Series 1979, The World Bank.
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    More about this item

    Keywords

    financial crises; contagion; exchange rate; volatility; macroeconomic; economic development; Mexico; Thailand; Korea; Indonesia; Malaysia; Russia; Brazil; Turkey; Argentina.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N2 - Economic History - - Financial Markets and Institutions
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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