PATTERNS OF EXCHANGE RATES AND CURRENT ACCOUNTS: THE EAST ASIAN WALTZ

被引:0
|
作者
Sheng, Andrew [1 ,3 ]
Teng, Kwek Kian [3 ]
Wai, Cho Cho [2 ]
机构
[1] Univ Malaya, Fac Econ & Adm, Kuala Lumpur, Malaysia
[2] Taylors Univ, Selangor, Malaysia
[3] Tsinghua Univ, Grad Sch Econ & Management, Beijing 100084, Peoples R China
来源
SINGAPORE ECONOMIC REVIEW | 2012年 / 57卷 / 02期
关键词
Network effect; feedback mechanism; collective behavior; PRODUCT DEVELOPMENT; CENTRIPETAL FORCES; CENTRIFUGAL;
D O I
10.1142/S0217590812500099
中图分类号
F [经济];
学科分类号
02 ;
摘要
The Global Financial Crisis of 2008 and the Asian Financial Crisis of 1997-1998 have a common trait, that is any shock to the financial system or market system can cause the system or market to flip from one state to another state.
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页数:34
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