The East Asian Financial Crisis: A Year Later
The East Asian Financial Crisis: A Year Later
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东亚金融危机：一年后
DOI：
10.1111/j.1759-5436.1999.mp30001009.x
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发表时间：
1999
期刊：
影响因子：
--
通讯作者：
Chi
中科院分区：
文献类型：
--
作者：
Y. Park;Chi
在泰国危机爆发并蔓延到该地区其他国家的一年后，东亚到处都是闲置的工厂、资不抵债的金融机构、贷款违约和破产的企业，无论是大企业还是小企业。所有受到货币攻击的国家现在都陷入了严重的衰退。1998年这些国家的国内生产总值增长将崩溃，没有早日恢复的前景。流入这些国家的外国资本总额已减少到涓涓细流，不太可能超过1997年的水平。同样，1997年急剧贬值的真实的汇率在今后一段时间内也不大可能有大的变化。该区域的股票市场仍然低迷，几乎没有复苏的迹象。
One year after the crisis erupted in Thailand and spread to other countries in the region, East Asia is littered with idle plants, insolvent financial institutions, loan defaults, and bankrupt businesses, both large and small. All of the countries hit by the currency attack are now in deep recession. GDP growth in these countries will collapse in 1998 with no prospects for early recovery. The total volume of foreign capital inflows into these countries has dwindled to a trickle and will not likely exceed the level of 1997. Similarly the real exchange rates, which depreciated sharply in 1997, are not likely to change significantly for some time to come. The stock markets in the region remain depressed and show little sign of recovery.