Did Output Recover from the Asian Crisis?

This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly after the crisis, there is evidence of permanent losses in the levels of output in all of the countries studied

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Year of publication:	2005
Authors:	Cerra, Valerie ; Saxena, Sweta C.
Publisher:	[S.l.] : SSRN
Subject:	Asien \| Asia \| Finanzkrise \| Financial crisis \| Malaysia \| Indonesien \| Indonesia \| Philippinen \| Philippines \| Südkorea \| South Korea \| Singapur \| Singapore \| Konjunktur \| Business cycle \| Hongkong \| Hong Kong \| Internationaler Finanzmarkt \| International financial market

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Extent:	1 Online-Ressource (26 p)
Series:	IMF Working Paper ; No. 03/48
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2003 erstellt
Classification:	F39 - International Finance. Other ; F41 - Open Economy Macroeconomics ; F42 - International Policy Coordination and Transmission ; F49 - Macroeconomic Aspects of International Trade and Finance. Other ; C32 - Time-Series Models ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

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