- Shopping Bag ( 0 items )
This study quantifies the impact of the currency changes on the individual countries in Asia, on the United States, on Europe and on other regions on a sector-by-sector basis. It analyzes the additional impact that might occur if China were to devalue its currency as well. It then examines potential trade policy responses to these developments including the risk of an upsurge in protectionist pressure in the United States.
|1||Introduction and Overview||1|
|Origins and Nature of the Crisis||3|
|The Fundamentalist Story||5|
|The Panic Story||21|
|2||Global Economic Effects||31|
|Structure of the World Model||31|
|Defining Modeling Scenarios||35|
|3||Impact on the United States||61|
|Trade Policy Response||64|
|Appendix A||Algebraic Description of the Model||73|
|Appendix B||Sectoral Definitions and Their GTAP-ISIC Concordance||91|
|Appendix C||Sensitivity Analyses||95|
Posted November 3, 2000
This short book provides an excellent analysis of the Asian financial crisis. It begins with a judicious evaluation of the causes of the crisis, both internal and external. It then presents simulation results based on a computer model which show the impact of the crisis both by industrial sector and by country. A special epilogue to the revised edition presents results which analyze the impact of Japan's lingering problems on the region. The technical material is consigned to appendices so that the general reader is not distracted by it, but these annexes may be of interest to more technically-oriented analysts.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.