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This paper analyzes the patterns and determinants of financial integration in East Asia by using the data set of cross-border holdings of financial assets such as equity portfolio, long-term and short-term debt securities, and bank claims. Empirical analysis based on the gravity model of...
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), Philippines, and Thailand. It develops a crisis index that measures the impacts of the crisis by comparing actual values of … product, Korea suffered the worst in reduced employment, and Philippines' output was affected only in 2009. In the labor … problems, particularly Korea's problems with youth unemployment, and Philippines' and Thailand's vulnerable industrial sectors. …
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