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Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Financial Crises and the Presence of Foreign Banks

Tschoegl, Adrian E. - EconWPA - 2004

The paper distinguishes between the classic or traditional foreign banks with their emphasis on corporate and wholesale banking, and the innovators responding to transition, deregulation or crisis in emerging markets. The innovators come in three varieties—bettors, prospectors and...

Persistent link: https://www.econbiz.de/10005556647

CAUSAL RELATIONSHIPS BETWEEN EXCHANGE RATES AND STOCK PRICES IN MALAYSIA AND THAILAND DURING THE 1997 CURRENCY CRISIS TURMOIL

Hussain, Huzaimi; Liew, Venus Khim-Sen - EconWPA - 2004

relationship between exchange rate and stock price in Malaysia, whereas a unidirectional causal relationship running from exchange … rate to stock price in Thailand. The stock markets of these countries are also found to be closely linked, with a feedback …

Persistent link: https://www.econbiz.de/10005556595

Deforestation and Land Use Changes Induced by the East Asian Economic Crisis

Pagiola, Stefano - EconWPA - 2004

affected countries. It focuses on three main countries—Indonesia, Thailand, and the Philippines. The analysis shows that there … continuum of effects, with Indonesia most heavily hit, the Philippines the least so, and Thailand somewhere in between. (b … migration has had a major impact. In Indonesia, the weakening of government authority and enforcement powers is also a major …

Persistent link: https://www.econbiz.de/10005062475

Efficiency of the Foreign Exchange Market of Papua New Guinea During the Recent Float

Wickremasinghe, Guneratne Banda - EconWPA - 2004

This paper examines the validity of the efficient market hypothesis (EMH) for the foreign exchange market of Papua New Guinea (PNG) using data on spot exchange rates for four major foreign currencies during the recent float. The unit root test results indicate that all the four exchange rates...

Persistent link: https://www.econbiz.de/10005408043

EFFICIENCY OF FOREIGN EXCHANGE MARKETS: A DEVELOPING COUNTRY PERSPECTIVE

Wickremasinghe, Guneratne Banda - EconWPA - 2004

This study tests weak and semi-strong form efficiency of the foreign exchange market in Sri Lanka using six bilateral foreign exchange rates during the recent float. Weak-form efficiency is examined using unit root tests while semi-strong form efficiency is tested using co- integration and...

Persistent link: https://www.econbiz.de/10005556627

Experience of Asian Asset Management Companies (AMCs): Do they Increase Moral Hazard? - Evidence from Thailand

Terada-Hagiwara, Akiko; Pasadilla, Gloria - EconWPA - 2004

This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that AMCs vary in their design and performance. Asset management companies can trigger moral hazard- inspired bank lending. Empirical examination of the Thai experience reveals that the moral...

Persistent link: https://www.econbiz.de/10005134678

Standards, Regulatory Reform and Development in APEC: Case Studies of Vietnam and Thailand

McCarty, Adam - EconWPA - 2001

standards systems and related infrastructure. Vietnam and Thailand are examined as case studies. In both cases the move to … fewer than in most developed country APEC economies. Protection in Vietnam, and even still in Thailand, mostly comes through …

Persistent link: https://www.econbiz.de/10005062624

Economic Analysis of Rural Land Administration Projects

Pagiola, Stefano - EconWPA - 2004

As part of its efforts to improve the rural economies of its client countries, the World Bank is supporting programs to strengthen land administration and undertake land reform. Land administration projects can include a variety of activities. Usually, the most expensive and that which is most...

Persistent link: https://www.econbiz.de/10005556123

International Capital Mobility: Evidence from Panel Data

Jansen, W. Jos - EconWPA - 2003

Krol (1996) reports estimates of the saving-investment correlation, based on panel regressions, that are much lower than commonly found in the literature. This note argues that this low estimate is not related to the panel estimation technique, as Krol claims, but largely to the inclusion of...

Persistent link: https://www.econbiz.de/10005125535