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Asia Quote by Myron Scholes

“The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.” quote by Myron Scholes
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“The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.”

Myron Scholes

About This Quote

Source Speech: Economic Forum, 2002

Historical financial crises have shown that economies can bounce back quickly, indicating resilience but also potential complacency.

In simple terms: Crises often recover fast, limiting lasting impact.

Key Takeaway

Recognize hidden risks despite quick recoveries.

Themes

economics resilience risk management history

Mood

analytical cautious

Type

economic strategic

When to use this quote

  • investment strategy
  • government regulation
  • financial planning
  • risk assessment

Key Concepts

systemic risk moral hazard policy response

Questions to Reflect On

  • Are we underestimating long‑term effects of crises?
  • How can policy address hidden systemic risks?
A Different Perspective

Rapid recovery can mask deeper vulnerabilities.

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