Open AccessAsia-Pacific growth Robert A. Buckle: before and after the Global Financial Crisis
Author(s) -
Robert A. Buckle
Publication year - 2009
Publication title -
policy quarterly
Language(s) - English
Resource type - Journals
eISSN - 2324-1101
pISSN - 2324-1098
DOI - 10.26686/pq.v5i4.4309
Subject(s) - financial crisis , globalization , asia pacific , emerging markets , economics , financial system , economic history , political science , economy , finance , keynesian economics , market economy
The modern era of globalisation has been associated with significant economic transformation around the world, but also an increasing frequency of financial crises. According to Eichengreen and Bordo (2002) there were 39 national or international financial crises between 1945 and 1973. Their frequency increased to 139 between 1973 and 1997, culminating in the Asian financial crisis. These crises occurred predominantly, but not exclusively, in emerging economies.