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Recent Changes in the Financial Systems of Asian and Pacific Countries

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  • Jeffrey A. Frankel.

Abstract

Japan and continental Europe have recently gone into recession, joining the English-speaking world which had entered a slow-growth period in 1990. This leaves only the developing countries of East Asia still on a strong growth trajectory. They are by now important enough to constitute in themselves a significant part of global economic growth. In response to the rapid growth, and to diminished returns to investment available in the United States and Japan, international capital has been flowing into the dynamic Asian economies.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jeffrey A. Frankel., 1993. "Recent Changes in the Financial Systems of Asian and Pacific Countries," Center for International and Development Economics Research (CIDER) Working Papers C93-031, University of California at Berkeley.
    • Handle: RePEc:ucb:calbcd:c93-031
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    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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