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Federal Reserve Bank of Chicago
Economic Perspectives
Understanding the Asian crisis: systemic risk as coordination failure
David A. Marshall
Abstract

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


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David A. Marshall, "Understanding the Asian crisis: systemic risk as coordination failure" , Federal Reserve Bank of Chicago, Economic Perspectives, issue Q III, pages 13-38, 1998.
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Keywords: Financial crises - Asia ; Risk ; Investments
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