Journal Article

Understanding the Asian crisis: systemic risk as coordination failure

Abstract: Systemic crises, such as the recent Asian crisis, may be due to an inability of individual to optimally coordinate their investment strategies.

Keywords: Financial crises - Asia; Risk; Investments;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 1998

Volume: 22

Issue: Q III