Question
1.Asia performed better during the 2007- 08 global financial crisis (GFC) than during the 1997-98 Asian financial crisis (AFC). A. What are the differences between
1.Asia performed better during the 2007- 08 global financial crisis (GFC) than during the 1997-98 Asian financial crisis (AFC).
A. What are the differences between the AFC and GFC? [7 Marks]
B. Why did Asian economies perform better during the GFC compared to the AFC? [7 Marks]
C. Why are Asian economies not free from future potential bubbles? [6 Marks]
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
