Similar Search Results

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality

Dabla-Norris, Era - 2015

We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...

Persistent link: https://www.econbiz.de/10012457845

Capital Controls : Myth and Reality - A Portfolio Balance Approach

Magud, Nicolas E. - 2011

country cases (Chile and Malaysia). In this paper, we attempt to address some of these shortcomings by: being very explicit … bring to bear the experiences of less well known episodes than those of Chile and Malaysia. Then, using a portfolio balance …

Persistent link: https://www.econbiz.de/10012461852

Current Account Sustainability : Selected East Asian and Latin American Experiences

Milesi-Ferrett, Gian Maria - 1996

, 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

The Yen and Its East Asian Neighbors, 1980-1995 : Cooperation or Competition?

Takagi, Shinji - 1996

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

Ethnic Inequality and Poverty in Malaysia Since 1969

Ravallion, Martin - 2019

Ethnic riots broke out in Malaysia in 1969, prompting a national effort at affirmative action favoring the poorer … (majority) of "Bumiputera" (mainly Malays). Since then, Malaysia's official poverty measures indicate one of the fastest long …

Persistent link: https://www.econbiz.de/10012479592

Capital Controls : Mud in the Wheels of Market Discipline

Forbes, Kristin J. - 2004

impact on crony capitalism in Malaysia and on financing constraints in Chile, to their impact on US multinational behavior …

Persistent link: https://www.econbiz.de/10012468409

Cronyism and Capital Controls : Evidence from Malaysia

Johnson, Simon - 2001

The initial impact of the Asian financial crisis in Malaysia reduced the expected value of government subsidies to …

Persistent link: https://www.econbiz.de/10012470197

Recovery and Sustainability in East Asia

Park, Yung Chul - 2001

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

Malaysia : Was it Different?

Dornbusch, Rudi - 2001

In the Asian crisis of 1997-98 some countries followed IMF prescriptions for stabilization and recovery. Malaysia went … crisis was over, as interest rates in all Asian crisis economies, including Malaysia, were already declining rapidly and as …

Persistent link: https://www.econbiz.de/10012470399

Did the Malaysian Capital Controls Work?

Kaplan, Ethan - 2001

Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998 … 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