Southeast Asia and the Asian and Global Financial Crises

Abstract

Despite the deleterious impact of the 2008–09 global financial crisis, which seriously undermined mainstream economists’ claims that the world economy has matured enough to prevent the return of a global depression, policymakers are still grappling with unchartered territory to insulate their economies from debilitating regional and global contagions. This article provides the introduction to a special issue targeted at dissecting the experience of the Southeast Asian market economies in confronting comparatively the Asian financial crisis of 1997–98 and the global financial crisis of 2008–09.

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