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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

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

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

The Philippine Central Bank's Monetary Policy Reaction Function from 1992 to 2003

Salas, John Michael Ian S. - EconWPA - 2004

This paper attempts to provide an empirical determination of the Philippine central bank's (BSP) recent monetary policy stance, before and after its adoption of the inflation targeting framework, as revealed by its interest rate setting behavior. Employing Clarida, Gali, and Gertler's (1998,...

Persistent link: https://www.econbiz.de/10005561255

Price Adjustments and Asymmetry in the Philippine Retail Gasoline Market

Salas, John Michael Ian S. - EconWPA - 2002

This paper employs ordered probit, partial adjustment, and vector error correction models to characterize price adjustments in the Philippine retail gasoline market since its deregulation. It finds that pricing decisions of oil firms depend significantly on eight weeks of previous changes in...

Persistent link: https://www.econbiz.de/10005134531

The Effect of National Policies and Labor Market on Land Use Decisions in Developing Countries: An Application of Maximum Simulated Likelihood to System of Censored Acreages with P...

Demeke, Bayou; Coxhead, Ian - EconWPA - 2005

Philippines. We present multi-output profit maximizing model to elicit the role of relative prices on land allocation between …

Persistent link: https://www.econbiz.de/10005118936

Data Envelopment Analysis in Environmental Valuation: Environmental Performance, Eco-efficiency and Cost-Benefit Analysis

Kuosmanen, Timo; Kortelainen, Mika - EconWPA - 2004

Data Envelopment Analysis (DEA) is a linear programming based method for evaluating performance of comparable production units such as firms. Although the method is already extensively applied in many areas of economics, its use in environmental economics and related fields remains limited. The...

Persistent link: https://www.econbiz.de/10005556149

Benchmarking Sustainable Development: A Synthetic Meta-index Approach

Cherchye, Laurens; Kuosmanen, Timo - EconWPA - 2002

The need for monitoring countries’ overall performance in Sustainable Development (SD) is widely recognized, but the methods for aggregating vast amounts of empirical data remain rather crude. This paper examines the so-called ‘benefit-of-the-doubt’ weighting method as a tool for...

Persistent link: https://www.econbiz.de/10005556153

Modeling Blank Data Entries in Data Envelopment Analysis

Kuosmanen, Timo - EconWPA - 2002

We show how Data Envelopment Analysis (DEA) can handle missing data. When blank data entries are coded by appropriate dummy values, the DEA model automatically excludes the missing data from the analysis. We extend this result to weight-restricted DEA models by presenting a simple modification...

Persistent link: https://www.econbiz.de/10005556325