search query: @author Lin, Yifu / total: 10
reference: 8 / 10
| Author: | Lin, Yifu |
| Title: | Southeast Asia financial crisis and its lessons (original in Chinese) |
| Journal: | Global Market Information Guide (c)
1998 : 5, p.4-6 |
| Index terms: | FINANCIAL CRISES ASIA |
| Language: | chn |
| Abstract: | The first reason for the relatively high bad debts of banks in East Asia countries is the failure of the "bubble economy". Bubble economy can be further divided into real estate bubble and stock market bubble. The second reason for the relatively high bad debts of banks in East Asia countries is the failure of the stock market bubble. Lessons to be learned are as follows: the development of industries should take the full utilization of our comparative advantages as the "leading factor; in the period of fast growing economy, real estate and stock market are inclined to be overheated; in the current phase of development, as for foreign funds, our country should focus on encouraging direct investment. |
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