文章基本信息

标题：The Impact of Financial Liberalization on East Asian Financial Crisis during 1990s: Lessons for Pakistan
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作者：Chaudhry Mazhar Hussain ; Syed Zulfiqar Ali Shah ; Nadeem Sohail 等
期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：09
页码：98-112
出版社：Society for Business Research Promotion
摘要：We have found abundant literature on Asian Financial Crisis which highlights the reasons for such crisis and about financial liberalization. However, this research analyzes the impact of financial liberalization on the East Asian financial crisis during the era of 1990s. Furthermore, East Asian countries rose as a role model for other developing countries like Pakistan, India and Vietnam because of their financial prosperity. Nevertheless, what went wrong with Malaysia, Indonesia and Thailandâ€™s financial system which collapsed in 1997 is also the subject matter of this paper. The central notion of this research is to make a comparative analysis between Malaysia, Indonesia, Thailand and Pakistan. This analysis identifies the similarities and differences based on which we can conclude that Pakistan did not experience the same financial crisis. However, it should learn some lessons from the crisis. Moreover, it should not repeat the same mistakes while liberalizing its financial system and adopt the appropriate policies to avoid the recurrence of the pattern witnessed elsewhere. Full Text