Series: Occasional Papers
Author(s): Timothy Lane , Marianne Schulze-Gattas , Tsidi Tsikata , Steven Phillips , Atish Ghosh , and A. Hamann
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 June 1999
Keywords: exchange rate, current account, exchange rates, inflation, crisis countries
The Asian crisis plunged the countries affected into deep recessions. As of October 1998, real GDP was estimated to decline in 1998 by 7 percent in Korea, 8 percent in Thailand, and 15 percent in Indonesia....