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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
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
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
shows their theory. I personally think that although the multiplier theory is a wonderful tool to help us explain the change …
Persistent link: https://www.econbiz.de/10005412779
knowledge for innovation output in Singapore, a small, highly open economy that has traditionally been significantly dependent … Singaporean firms depends disproportionately on technological knowledge produced by MNCs with operational presence in Singapore … universities constitute an insignificant, albeit rapidly growing, source for innovation in Singapore. …
Persistent link: https://www.econbiz.de/10005124862
decomposition of aggregate productivity growth in Singapore over the period 1965-2002. The static shift-share analysis is utilized …
Persistent link: https://www.econbiz.de/10005062744
This study re-examines the validity of relationship between Singapore Dollar-US Dollar exchange rate and the relative … Smooth Transition Autoregressive (ESTAR)- type non-linear mean-reverting adjustment process of the nominal Singapore dollar … Singapore Dollar-US Dollar exchange rate and consumer price index ratio, this study shows that the relationship is in fact non …
Persistent link: https://www.econbiz.de/10005408165
This study re-examines the validity of relationship between Singapore Dollar-US Dollar exchange rate and the relative … Smooth Transition Autoregressive (ESTAR)- type non-linear mean-reverting adjustment process of the nominal Singapore dollar … Singapore Dollar-US Dollar exchange rate and consumer price index ratio, this study shows that the relationship is in fact non …
Persistent link: https://www.econbiz.de/10005119476
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
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