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Lipsey & Chrystal: Economics 11e

Chapter 23

Case Study 1 on pages 535-9 of Chapter 23 discusses the Asian financial crisis of 1997-8.  The following reports provide an update on that case study and some new perspectives.
Financial Times, Monday, July 2, 2007
www.ft.com/cms/s/cdd6c1b0-2833-11dc-80da-000b5df10621.html
www.ft.com/cms/s/3f455ca8-2834-11dc-80da-000b5df10621.html
Financial Times, Wednesday, May 23, 2007
search.ft.com/ftArticle?queryText=The+lessons+Asians+learnt+from+their+financial+crisis&y=4&aje=true&x=12&id=070522010838

The world business cycle took a turn for the worse in 2008 following the credit crunch that started in the US in 2007. An assessment is provided in:
Financial Times, Wednesday, July 16, 2008 (This also links to the analysis of business cycles in a single economy that is developed in Chapters 16 – 19)
www.ft.com/cms/s/0/eef9396e-52cf-11dd-9ba7-000077b07658.html