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Persistent link: https://www.econbiz.de/10000536750
Remittances to Asia plunged during the 1997 Asian financial crisis, but the drop was temporary as the flows were increasing once again after just 1 year. The current crisis, however, is fundamentally different in that even the countries that send remittances have been adversely affected. The...
Persistent link: https://www.econbiz.de/10003913760
A key legacy of the Asian financial crisis of 1997-1998 is a sustained drop-off in the investment rates of East Asian countries that were hardest hit by the crisis. We first review the stylized facts of investment in those countries, and then explore and evaluate the various possible...
Persistent link: https://www.econbiz.de/10003913767
Persistent link: https://www.econbiz.de/10008901703
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This paper examines patterns and determinants of exports in nine East and Southeast Asian economies, with an emphasis on the increasing important role of parts and components in total exports. To see whether exports in parts and components are "special" and to allow comparisons, export equations...
Persistent link: https://www.econbiz.de/10003575552
Much of East Asia continues to grow rapidly, driven to a considerable extent by China. Urbanization is proceeding at pace. Demand for infrastructure services is increasing massively, particularly in cities. Much of the demand comes from the newly urbanized poor. Infrastructure has to meet their...
Persistent link: https://www.econbiz.de/10010522788
"This paper surveys the growing literature on monetary cooperation in East Asia that goes beyond the Chiang Mai Initiative. It compares and contrasts the various proposals for cooperation such as the Williamson basket peg, the Asian monetary system, and the yen block as to their crisis...
Persistent link: https://www.econbiz.de/10011279905
Despite a commonplace view that Asian regionalism lacks institutions, Asia, in fact, is full of regional institutions and frameworks in various forms. The rise and fall of regional institutions in Asia is an extremely dynamic process. Using a game theory approach, this paper hypothesizes that...
Persistent link: https://www.econbiz.de/10011281466
A common view holds that the trend toward Asian financial regionalism is a relatively new phenomenon that became significant after the Asian financial crisis of 1997/98. This paper challenges this view by exploring and analyzing financial regionalist projects in Asia throughout the 1990s. As...
Persistent link: https://www.econbiz.de/10011281473