Speeches and Papers

Global Aftershocks: Lessons from Asia/Russia/Brazil

by Gary Clyde Hufbauer, Peterson Institute for International Economics

Paper for the San Francisco Committee on Foreign Relations
May 4, 1999

© Peterson Institute for International Economics

 


 

Financial shocks are a fact of capitalist life, but the virus mutates!

Same economic medicine, different timing

Recovery speed depends on patient's prior condition and environment

Contagion strikes the weak, not everyone!

Perfect vaccines don't exist, but modest precautions do



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