South East Asia’s largest middle-income economies are highly integrated into global financial markets. While this provides considerable benefits, it also exposes them to sudden retrenchments of portfolio flows from emerging market economies. This note shows that Indonesia, Malaysia, the Philippines, and Thailand are nevertheless resilient because they have learned and applied key lessons from the 1997 Asian financial crisis. One key lesson is that...
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详细
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2018/12/01
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观点
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133629
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1
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1
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2019/01/10
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Disclosed
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Global Financial Market Turmoil : Why is South East Asia Exposed but Resilient?
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Financial Sector