2010Oxford University Press eBooksRequires access

The Global Financial and Economic Crisis

Yung Chul Park, Charles Wyplosz

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Abstract

This chapter attempts to draw early lessons from the financial crisis. It contrasts East Asia's rapid resurgence with Europe's halting recovery. Exchange stability within the euro area is contrasted with large fluctuations elsewhere in Europe and in East Asia.

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This chapter attempts to draw early lessons from the financial crisis. It contrasts East Asia's rapid resurgence with Europe's halting recovery. Exchange stability within the euro area is contrasted with large fluctuations elsewhere in Europe and in East Asia.

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Available abstract

This chapter attempts to draw early lessons from the financial crisis. It contrasts East Asia's rapid resurgence with Europe's halting recovery. Exchange stability within the euro area is contrasted with large fluctuations elsewhere in Europe and in East Asia.

Key concepts: Financial crisis, East Asia, Financial stability, Economics, Financial system, Development economics, Political science, Economy

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