DISCUSSION ON THE REBOUND OF SOME ASIAN EMERGING ECONOMIES AFTER THE GLOBAL FINANCIAL CRISIS IN 2008

Tạp chí Kinh tế Đối ngoại; Hoang Xuan Binh

Tạp chí Kinh tế Đối ngoại
Hoang Xuan Binh

Abstract

Abstract:
The 2008 global financial crisis (GFC) was considered as the largest and sharpest crisis in
recent 60 years as it had profound impacts on most economies in the world. Asian emerging
economies were also seriously affected by the crisis. However they did in fact initiate
their recovery sooner, faster and more strongly than advanced countries, then returning to
high growth rates more quickly. This research analyses the impacts of GFC on some Asian
Emerging Economies and the rebound of these countries after the GFC, as well as discusses
the reasons for the rebound. Some main reasons indicated in the paper include the resilient
financial system and sound monetary and fiscal policies and increase in investment and
domestic demand.
Keywords: financial crisis, emerging economies, crisis vulnerability, recovery