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corporate balance sheets in much of Asia: the IMF was unaware of the extraordinary leverage of Korean companies, which in some …
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The paper takes stock of the impact of the global financial crisis that began in late 2007 on banking sectors of Asian low-income countries, by exploring bank-level data provided by Bankscope. The paper examines three key channels of possible crisis spillovers: exposures to (i) valuation changes...
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finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity …
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