Economic Crisis Causes and Effects

A. Causes of the crisis
1. Argentina: A crisis made abroad
2. OTC derivatives played important role in Asian crisis
3. "Financial warfare" triggers global economic crisis
4. Trade and Development Report 1998: The causes of the crisis
5. An East Asian financial crisis made in the US
6. The Financial Crisis in East Asia: A Background Note by UNCTAD Secretariat
7. Asia's financial crisis
8. Analysis of BIS Report - Asia: The financial intermediation path to a vicious circle

D. Effects of the crisis
1. Only minor improvements in the near-term
2. Higher bank capital requirements on the way
3. Everyone should look for "exit strategies", says BIS
4. BIS study confirms some perceptions of Basle accord
5. Banks continue retreat from South
6. Asia: Crisis causes massive unemployment
7. Massive retreat by banks from emerging markets
8. Putting Asia in its place
9. Financial turmoil spreads across the world