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The Current International Financial Crisis: How Much is New?

PublisherFederal Reserve Board
Format93.0KB PDF, requires Acrobat Rdr 5Date added01 Jun 1999
Topics Economic Modeling, Planning and Services
Downloads37

The paper describes a broad array of data to compare the scope and impact of three emerging market financial crises: the debt crisis of the 1980s, the Mexican financial crisis of 1994-95, and the current international financial crisis. While certain conventional views regarding the three episodes are supported by the data given in this paper, we find that in several respects, the current crisis is more similar to prior emerging market crisis episodes than is commonly believed.

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