
About Joseph Gagnon
Joseph Gagnon is a senior fellow at the Peterson Institute for International Economics.Unconventional Monetary Policy in the Asian Financial Crisis

In a new paper, Unconventional Monetary Policy in the Asian Financial Crisis: Seeing the Crisis through Post-2008 Eyes, we reassess some of the policies central banks used during the Asian Financial Crisis of 1997–1998 in light of the responses of some advanced-economy central banks to the North Atlantic Financial Crisis of 2008. Public funding of bank recapitalizations in Thailand and the extraordinary purchase of equities in Hong Kong, China have elements of the unconventional monetary policy known as quantitative easing (QE) that has received so much attention in major advanced economies in recent years.


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- Facing the Heat: Addressing the Health Impacts of Extreme Temperatures
- Harnessing Energy Transition to Power Rural Development and Female Empowerment
- The Promise and Perils of Mother Tongue-Based Education
- From Crisis to Resilience: The Evolution of the Banking Sector in Asia and the Pacific
- Tariffs on the Table: What Could Be Asia’s Next Move?
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