Investment in the wake of crises: Asia 15 years later

Carmen M Reinhart, Takeshi Tashiro, 17 December 2013

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However straightforward the role of investment as a shock absorber in a time of crisis, it is perplexing why it takes so many years to recover afterwards – if it recovers at all. A prolonged investment slump is not a new phenomenon following a deep crisis.

Topics: International finance
Tags: Asian crisis, capital flows, sudden stop

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