01647cas a2200241 a 4500 AALejournalIMF007644 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855968 1018-5941 BD-DhAAL BD-DhAAL Berg, Andrew. The Asia Crisis : Causes, Policy Responses, and Outcomes / Andrew Berg. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (62 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper tells the story of the Asian financial crisis by addressing four questions: What were the causes of the crisis, how did the crisis unfold, what were the policy responses, and what have been the outcomes? The paper takes the view that none of these questions can be understood without appreciating the fundamental vulnerabilities that left authorities without effective tools to counter sudden capital outflows. The pattern of output decline suggests that these vulnerabilities, particularly weaknesses in domestic financial systems, played a larger role than tight monetary policy in determining outcomes. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/138 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/138/001.1999.issue-138-en.xml IMF e-Library