Comment Paper to Chapter “Lessons Learned, Lessons Not Learned and the Lessons to Be Learned: From the Asian Crisis to the European Crises”

  • Masao Kumamoto


Professor Ariyoshi’s paper states the important lessons that emerging Asian countries have learned from the past Asian currency crisis and should learn from the current European fiscal and financial crisis. While it focuses on the various aspects of these issues, I would like to make two further comments.


Exchange Rate Monetary Policy Central Bank Euro Area Capital Inflow 
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Copyright information

© Springer Japan 2013

Authors and Affiliations

  1. 1.Faculty of EconomicsTokyo Keizai UniversityTokyoJapan

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