Moreno, Ramon - In: Economic Review (1999), pp. 23-41
This paper assesses the relationship between money and credit and episodes of sharp depreciation in East Asia by: (i … the 1997 currency crisis in East Asia. However, signs of a money or credit boom based on other indicators were mixed. The … 1997 episodes differ from East Asia's past experience in a number of ways. Rapid growth in the M2 multiplier and in the …