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This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The … currency crisis episodes. However, the degree of initial contraction and following recovery has been far greater in East Asia … than what the cross-country evidence predicts. This paper argues that the sharper adjustment pattern in East Asia is …
Persistent link: https://www.econbiz.de/10012470347
contributed more to monetary cooperation in Asia than emphasis on export promotion …
Persistent link: https://www.econbiz.de/10012473118
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012466482
ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk …
Persistent link: https://www.econbiz.de/10013388833
factors to the role of capital flows in the currency crises in different countries, especially Thailand, Indonesia, and Korea …This paper characterizes the capital flows in Asia before and after the Asian currency crisis of 1997. Differences in …
Persistent link: https://www.econbiz.de/10012471660
Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998 …. The fact that Korea and Thailand recovered in parallel has been interpreted as suggesting that capital controls did not … play a significant role in facilitating Malaysia's rebound. However, the financial crisis was deepening in Malaysia in the …
Persistent link: https://www.econbiz.de/10012470587
using a natural experiment in India as well as data from China, Indonesia, the Philippines, South Africa, and Kenya …
Persistent link: https://www.econbiz.de/10012510577
What is the impact of regulatory reforms that enhance credit market efficiency on children's human capital? Using a parent-child panel dataset, we find that such reforms reduced children's academic performance in low-income families. Consistent with the view that financial development entices...
Persistent link: https://www.econbiz.de/10012479202
Millions of households in developing countries receive financial support from family members working overseas. How do migrant earnings affect origin-household investments? This paper examines Philippine households' responses to overseas members' economic shocks. Overseas Filipinos work in dozens...
Persistent link: https://www.econbiz.de/10012466340
, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential …
Persistent link: https://www.econbiz.de/10012473042