), Philippines, and Thailand. It develops a crisis index that measures the impacts of the crisis by comparing actual values of … severity and channels of these impacts varied widely: Thailand suffered the most in terms of reduced growth in gross domestic … problems, particularly Korea's problems with youth unemployment, and Philippines' and Thailand's vulnerable industrial sectors. …

vary in their design and performance. The paper claims that AMCs can trigger moral hazard-induced bank lending. Empirical … examination of the Thai experience of AMCs reveals that moral-hazard induced bank lending resulted in creating more new …