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Managing Financial Crises; The Experience in East Asia
Lane, Timothy D.; Hamann, A. Javier; Schulze-Gattas, … - International Monetary Fund (IMF) - 2000
The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...
Persistent link: https://www.econbiz.de/10005263845
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Risk Sharing and Financial Contagion in Asia; An Asset Price Perspective
Rungcharoenkitkul, Phurichai - International Monetary Fund (IMF) - 2011
This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We … discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more … differentials. Asia, therefore, can potentially enhance risk sharing without raising contagion risk. …
Persistent link: https://www.econbiz.de/10009369441
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Two Approaches to Resolving Nonperforming Assets During Financial Crises
Woo, D. - International Monetary Fund (IMF) - 2000
The unprecedented rise in nonperforming assets during the recent Asian financial crisis severely tested the limit and capacity of the existing asset management infrastructure, leading policymakers to consider new approaches to resolve them. This paper examines two such approaches—the creation...
Persistent link: https://www.econbiz.de/10005826132
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Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia
Bogetic, Željko; Gupta, Sanjeev; McDonald, Calvin A.; … - International Monetary Fund (IMF) - 1998
Persistent link: https://www.econbiz.de/10005826706
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Did Output Recover From the Asian Crisis?
Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2003
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10005604941
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Bank Ownership and Credit Growth in Emerging Markets During and After the 2008–09 Financial Crisis — A Cross-Regional Comparison
Chen, Guodong; Wu, Yi - International Monetary Fund (IMF) - 2014
banks in 2009 in Asia, and in 2010 in Latin America and emerging Europe. State-owned banks instead played a counter … growth. Banks in Latin America and Asia that relied more on retail funding had higher credit growth, in particular during the …
Persistent link: https://www.econbiz.de/10011142108
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Why Was Asia Resilient? Lessons from the Past and for the Future
Jeasakul, Phakawa; Lim, Cheng Hoon; Lundbäck, Erik J. - International Monetary Fund (IMF) - 2014
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and …
Persistent link: https://www.econbiz.de/10011142139
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Explaining ASEAN-3’s Investment Puzzle A Tale of Two Sectors
Zhou, Yong Sarah - International Monetary Fund (IMF) - 2013
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic …
Persistent link: https://www.econbiz.de/10011142140
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Vietnam; Poverty Reduction Strategy Paper: Annual Progress Report
International Monetary Fund (IMF); International … - 2006
Vietnam has adopted effective policies and measures to accelerate its economic growth rate and reduce poverty while sustaining economic reform, and trying to achieve goals and targets that are set in the Five-year Socio-economic Development Plan 2001–05. The annual progress report, named...
Persistent link: https://www.econbiz.de/10011245365
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Lao People’s Democratic Republic; Second Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2008
This paper focuses on Second Poverty Reduction Strategy Paper for Lao People’s Democratic Republic. The economic sectors have undergone significant restructuring. This restructuring has been concentrated on production capacities, quality and efficiency, thus contributing to economic...
Persistent link: https://www.econbiz.de/10011245536