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Financial Market Contagion in the Asian Crisis
Goldfajn, Ilan - 2021
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …
Persistent link: https://www.econbiz.de/10013212114
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Did Output Recover from the Asian Crisis?
Cerra, Valerie; Saxena, Sweta C. - 2005
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/10014073466
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The Big Split : Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?
Isnawangsih, Agnes - 2013
impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the …, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …
Persistent link: https://www.econbiz.de/10013072592
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Central Bank Legal Frameworks in the Aftermath of the Global Financial Crisis
Khan, Ashraf - 2017
Drawing on the 2016 update of the IMF's Central Bank Legislation Database, this paper examines differences in central bank legal frameworks before and after the Global Financial Crisis. Examples from select countries show that many central bank laws have undergone changes in objectives,...
Persistent link: https://www.econbiz.de/10012956503
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Did Korean Monetary Policy Help Soften the Impact of the Global Financial Crisis of 2008–09?
Alp, Harun - 2012
Korea was one of the Asian economies hardest hit by the global financial crisis. Anticipating the downturn that would follow the episode of extreme financial stress, the Bank of Korea (BOK) let the exchange rate depreciate as capital flowed out, and preemptively cut the policy rate by 325 basis...
Persistent link: https://www.econbiz.de/10013111411
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Macrofinancial Modeling at Central Banks : Recent Developments and Future Directions
Vlček, Jan - 2012
This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models...
Persistent link: https://www.econbiz.de/10013111395
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An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09
Alp, Harun - 2012
Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that would follow the … episode of extreme financial turbulence, Bank Negara Malaysia (BNM) let the exchange rate depreciate as capital flowed out …
Persistent link: https://www.econbiz.de/10013111402
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Explaining ASEAN-3's Investment Puzzle a Tale of Two Sectors
Zhou, Yong Sarah - 2013
. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis …
Persistent link: https://www.econbiz.de/10013085985
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The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital?
Abiad, Abdul G.; Oomes, Nienke; Ueda, Kenichi - 2007
new financial liberalization index and firm-level data for five emerging markets: India, Jordan, Korea, Malaysia, and … Thailand. They find strong evidence that financial liberalization, rather than financial deepening, improves allocative …
Persistent link: https://www.econbiz.de/10014067076
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Managing Non-Core Liabilities and Leverage of the Banking System : A Building Block for Macroprudential Policy Making in Korea
Alichi, Ali - 2012
Korea has been active in implementing targeted macroprudential policies to address specific financial stability concerns. In this paper, we develop a conceptual model that could serve as a building block for the broader framework of macroprudential policy making in Korea. It is assumed that the...
Persistent link: https://www.econbiz.de/10013111388