Financial Account Openness Following the 1997 Asian Financial Crisis
This research examines financial account openness following the 1997 Asian Financial Crisis (AFC) and considers the relationship between increased financial account openness, institutions and economic growth. The topic is of significant importance as little research has been done in the field and no other paper addresses these specific issues. It has been argued that the AFC triggered an aggravation of existing imbalances in the global economy and exposed serious systemic problems in the global monetary and financial arrangements. The crisis may have also led governments to rethink the structures of their countries’ banking and financial institutions and systems and to open their financial accounts, as a means through which to reduce vulnerability to future crises.
Franklin and Marshall College Archives, Undergraduate Honors Thesis 2007
- F&M Theses Collection