World Economic Outlook: Interim Assessment, December 1997

January 27, 1998

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World Economic Outlook: Interim Assessment, December 1997, (USA: International Monetary Fund, 1998) accessed November 27, 2024

Summary

The economic and financial crisis that erupted in southeast Asia in July 1997 had continued to deepen and broaden as of December, and spillover effects from investor deteriorating confidence in emerging market economies were being felt throughout the global financial system. This special Interim Assessment of the World Economic Outlook revises regional and global economic projections made by the IMF staff, as published in the October 1997 issue, in light of the crisis; charts the buildup to the crisis and its onset and evolution; assesses effects on the advanced economies and on private financing for developing countries; and raises policy issues that the crisis has posed.

Subject: Balance of payments, Financial crises, Financial markets

Keywords: Asia and Pacific, Banking sector problem, Capital inflows, East Asia, Economy, Emerging and frontier financial markets, Emerging market country, Exchange market pressure, Global, Monetary policy, Private capital flows, Southeast Asia, Spillover effect, Stock markets, Tequila crisis, WEFS, Western Hemisphere

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

World Economic and Financial Surveys No. 1997/015
Stock No:

WEOEA0171997
ISBN:

9781557757142
ISSN:

0258-7440

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