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Headline: Dornbusch on contagion Source: Euromoney Date: April 2000 Asia may be bouncing back. But apprehension was in the air when the IMF, the World Bank and the Asian Development Bank convened a conference in Washington to discuss financial contagion. Rudiger Dornbusch, MIT’s celebrated international economist, was one of the prime movers for this event. He talked to James Smalhout. Would the official community have reacted any differently to the Asian crisis in July 1997 had we known then what we know now about financial contagion? No, I think that the research shows two things of interest. |
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