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This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The stylized pattern from the previous 160 currency crisis episodes over the period from 1970 to 1995 shows a V-type adjustment of real GDP growth in the years prior to and...
Persistent link: https://www.econbiz.de/10012470347
By looking at how an East Asian currency moves when the yen fluctuates sharply against the US dollar, we sometimes find that the reaction has been much more significant than would be suggested by the econometric estimates of the weight of the yen in nominal exchange rate determination. Moreover,...
Persistent link: https://www.econbiz.de/10012473118
Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods. In this paper we first set out theories of...
Persistent link: https://www.econbiz.de/10012475091
Wages in domestically- owned Indonesian manufacturing plants taken over by foreign firms increased sharply between the year before takeover and two years after takeover, relative to plants remaining in domestic ownership. Blue- collar wage levels in these plants had been less than 10 per cent...
Persistent link: https://www.econbiz.de/10012469286
cognition for respondents in two developing countries: China and Indonesia, both with very low educated elderly populations … by the rural-urban gradient. China has a stronger rural-urban gradient than Indonesia, which is associated with the hukou … Indonesia. The gender differential in both countries is smaller for the mid-aged, 45-59, for whom the gender schooling …
Persistent link: https://www.econbiz.de/10012453134
, Indonesia, are contrasted with the United States. We focus on rigorously-validated measures of HDL and non-HDL cholesterol among …
Persistent link: https://www.econbiz.de/10014544767
those who lose by a very small margin in the sample of procurement auctions from Indonesia, suggesting that bidders collude …-procurement auctions and about 3% for all auctions in Indonesia. We cannot reject the null of competition in other countries …
Persistent link: https://www.econbiz.de/10013334488
This paper investigates challenges of aging for long-term care. Our analysis proceeds in three steps. In the first step, we estimate the prospective care demand for 30 developed countries based on projected aging and disabilities among the elderly. In the second step, we outline challenges for...
Persistent link: https://www.econbiz.de/10013191046
We pursue a cross-country comparison of relative financial readiness of older households in Japan and the Republic of …
Persistent link: https://www.econbiz.de/10012814424
Using a new equity price-based measure of the global financial cycle, this paper evaluates the relative importance of global financial shocks for quarterly equity returns and output growths in a large sample of advanced and emerging economies, as well as in South Korea and China--two countries...
Persistent link: https://www.econbiz.de/10012481287