Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation - With Reference to the Asian Financial Crisis Zhaohui Chen

ISBN: 9781283555272

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25 pages


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Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation - With Reference to the Asian Financial Crisis  by  Zhaohui Chen

Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation - With Reference to the Asian Financial Crisis by Zhaohui Chen
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The scope and severity of the largely unexpected financial crisis in Asia in 1997 have prompted numerous postmortem commentaries and heated policy debates. In comparison, new work in theoretical modeling of relevant aspects of the crisis has beenMoreThe scope and severity of the largely unexpected financial crisis in Asia in 1997 have prompted numerous postmortem commentaries and heated policy debates. In comparison, new work in theoretical modeling of relevant aspects of the crisis has been lagging behind the general media discussions.

This paper is an attempt to provide a simple theoretical model to help analyze some key aspects of the crisis.



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