+++++++++++++++++++++++++++(posted 8767 days ago)My favorite books on the Asian crisis are Morris Goldstein's _The East Asian Financial Crisis_ and Barry Eichengreen's _Toward a New International Financial Architecture: A Practical Post-Asia Agenda_.
Back in 1997-1998, you had a lot of people claiming that the financial crisis showed the bankruptcy of the Asian model. Today it's a lot harder to find such people--it seems very clear that the crisis arose out of investor panic, and not out of any deep structural flaws in East Asian economies that doom them to slow growth in the future.