Is Volatility Built into Today's World Economy?

Publication | February 2002

In the past four years, we have had two important examples of cycles of economic activity that took place when economies overheat: the 1997/1998 financial and economic crisis in Asia, and the technological bubble in the United States (US) in the late 1990s. What do these incidents have in common? How did they happen and is there anything we can do to avoid them in the future?

Contents 

  • The Bursting of the Technology Bubble in the United States
  • The Economic and Financial Crisis in Asia
  • Is Some Volatility Inevitable?
  • Conclusion
  • References