A careful review of the Asian crisis in 1997 reveals that despite widespread denunciation, hedge funds and other portfolio investors played only a minor role in the making of the crisis. To maintain financial sector stability, therefore, governments should focus on avoiding inconsistent policies rather than try to identify a “bad” class of investors and limit their activities.
This content is only available via PDF.
© 2007 by The Regents of the University of California. All rights reserved.
2007
You do not currently have access to this content.
University of California Press