To Our Contributors
Guidelines for Authors
Guidelines for Book Reviews
Guidelines for Cases
Submit Article
 
Repository
Keyword Search
Archives
Advanced Search
 
Article Abstracts| Case Abstracts
General
Accounting and Control
Agriculture and Rural Development
Communication
Economics
Finance
Global Management
Information Technology and Systems
Innovation and Entrepreneurship
Marketing
Organizational Behaviour and HRD
Strategic Management and Leadership
Public Systems
Operations Management
 
     Feedback
To give your feedback please contact us on vikalpa@iimahd.ernet.in
 
11 - 11 of 180 ItemsFirst  Pre  6  7  8  9  10  11 12  13  14  15  Next  Last
Browse Articles by "Finance"
Title: Asian Crisis and Finance Theory
Authors: Jayanth R Varma
Issue/Year: Oct-1998
Section: Research
Abstract: The Asian crisis did not involve generalized financial panic. Stock markets behaved rationally and the crash in exchange rates is explained by the presence of credit risk. According to Jayanth R Varma, the crisis highlights the need for better risk management at the national level focusing less on the size of the external debt and more on its currency and maturity composition. There should be more freedom in capital outflows and less reliance on the banking system. IMF assistance to crisis stricken countries should be in the form of a currency swap which addresses the root cause of the crisis and subjects the IMF itself to financial discipline.
Full Text: Click here to download
Download Acrobat Reader