ANALYSIS AND COMPARISON OF TWO MAJOR CRISES THAT MARKED THE 20TH CENTURY: EAST ASIAN CRISES AND LATIN AMERICAN CRISES

Semra Demircioğlu; Rana Atabay Kuşçu

Makale detayları

ANALYSIS AND COMPARISON OF TWO MAJOR CRISES THAT MARKED THE 20TH CENTURY: EAST ASIAN CRISES AND LATIN AMERICAN CRISES

Yazarlar:

Semra Demircioğlu | Rana Atabay Kuşçu

Yayıncı:

Istanbul Ticaret University

Ana Başlıklar:

Para-Bankacılık

Dergi:

İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 49, pp.1506-1529

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001321343

pISSN:

1303-5495

Anahtar kelimeler:

Özet:

 In 1990s were remarkably interesting times for the word economy. First half of this decade has been experienced high growth rate whereas rest of the decade witnessed Latin American Banking Crisis and East Asian crises that remarked on world economy. The economic environment was fruitful for these regions. International interest rate was extremely low which forced advanced economies to invest newly industrialized region. Acceleration of financial liberalization in developing countries without adequate regulation made developing economies vulnerable to financial shocks that be the fundamental reason lied on the two major crises in 1990s. In literature both crises have been examined in different aspects. This paper attempts to analyze similarities and differences the East Asian and Latin American Banking crises. First East Asian crisis is explained and the underlying possible causes behind the unexpected reversal of the economic success are stated. Following that the same analysis is made with regards to the crisis in Latin America which took place in the middle of the 1990s. Lastly the comparison of these major crises is highlighted.

 In 1990s were remarkably interesting times for the word economy. First half of this decade has been experienced high growth rate whereas rest of the decade witnessed Latin American Banking Crisis and East Asian crises that remarked on world economy. The economic environment was fruitful for these regions. International interest rate was extremely low which forced advanced economies to invest newly industrialized region. Acceleration of financial liberalization in developing countries without adequate regulation made developing economies vulnerable to financial shocks that be the fundamental reason lied on the two major crises in 1990s. In literature both crises have been examined in different aspects. This paper attempts to analyze similarities and differences the East Asian and Latin American Banking crises. First East Asian crisis is explained and the underlying possible causes behind the unexpected reversal of the economic success are stated. Following that the same analysis is made with regards to the crisis in Latin America which took place in the middle of the 1990s. Lastly the comparison of these major crises is highlighted.

 In 1990s were remarkably interesting times for the word economy. First half of this decade has been experienced high growth rate whereas rest of the decade witnessed Latin American Banking Crisis and East Asian crises that remarked on world economy. The economic environment was fruitful for these regions. International interest rate was extremely low which forced advanced economies to invest newly industrialized region. Acceleration of financial liberalization in developing countries without adequate regulation made developing economies vulnerable to financial shocks that be the fundamental reason lied on the two major crises in 1990s. In literature both crises have been examined in different aspects. This paper attempts to analyze similarities and differences the East Asian and Latin American Banking crises. First East Asian crisis is explained and the underlying possible causes behind the unexpected reversal of the economic success are stated. Following that the same analysis is made with regards to the crisis in Latin America which took place in the middle of the 1990s. Lastly the comparison of these major crises is highlighted.

 1990lı yıllar dünya ekonomisi açsından çok ilginç bir dönemdir. Bu yılların başında çok yüksek büyüme oranlarına sahne olan dünya ekonomisi, 1990lı yılların sonunda Doğu Asya ve Latin Amerika gibi iki büyük krize tanıklık etmiştir. Küresel olarak faizlerin düşük olması nedeniyle gelişmiş ülkeler, yeni sanayileşme aşamasında olan bölgelere yatırım yapmaya başlamıştır. Henüz kırılgan bir yapıya sahip olan bu ülkelere gelen hızlı sermaye akımlarının hızla geri çıkması kaçınılmaz krizlerle sonuçlanmıştır. Bu bölgelerde ortaya çıkan krizler literatürde ayrı ayrı çeşitli teorik bakış açılarıyla değerlendirilmiştir. Bu çalışmada iki farklı kıtada farklı zamanlarda meydana gelen bu krizlerin oluşmasına neden olan dinamikler incelenerek, ortak yönleri ortaya konulmaya çalışılmıştır.

Makale detayları

ANALYSIS AND COMPARISON OF TWO MAJOR CRISES THAT MARKED THE 20TH CENTURY: EAST ASIAN CRISES AND LATIN AMERICAN CRISES

Yazarlar:

Semra Demircioğlu | Rana Atabay Kuşçu

Yayıncı:

Istanbul Ticaret University

Ana Başlıklar:

Para-Bankacılık

Dergi:

İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 49, pp.1506-1529

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001321343

pISSN:

1303-5495

East Asia

Crisis

Latin America

Asia

Banking

Capital Controls; Financial CrisisLatin Amerika Krizi

Doğu Asya Krizi

Bankacılık

Sermaye Kontrolü

Finansal Krizler

Sayı

Makale detayları

Yazarlar: Semra Demircioğlu | Rana Atabay Kuşçu

Yayıncı: Istanbul Ticaret University

Ana Başlıklar: Para-Bankacılık

Dergi: İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 49, pp.1506-1529

Belge Tipi: Makale

Yayın Tarihi: 6/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001321343

pISSN: 1303-5495

Sayı

Yazarlar:

Semra Demircioğlu | Rana Atabay Kuşçu

Yayıncı:

Istanbul Ticaret University

Ana Başlıklar:

Para-Bankacılık

Dergi:

İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Vol.23 Issue 49, pp.1506-1529

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001321343

pISSN:

1303-5495