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, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … output performance relative to trend. There are several main reasons for the divergence. First, trade shocks had a larger … impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the …
Persistent link: https://www.econbiz.de/10013072592
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …
Persistent link: https://www.econbiz.de/10013212114
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
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
What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10013102256
. 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
Malaysia's local currency debt market is one of the most liquid public debt markets in theworld. In recent years, the …-stage model to estimate the main drivers of debt capital flows to Malaysia. Finally, it usesa GARCH model to test the hypothesis … Malaysia respondsadequately to both pull and push factors and find no firm evidence that nonresident flows causevolatility in …
Persistent link: https://www.econbiz.de/10012892918
SAR, Korea, Malaysia, Poland, and Romania. Insights include: rapid growth in high-LTV loans with long maturities or in the …
Persistent link: https://www.econbiz.de/10013016601
-2010. Malaysia's real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively … strong growth and a substantial improvement in export sophistication, Malaysia's total factor productivity lagged behind that … of Korea and Taiwan Province of China. We argue that what characterizes their experience in contrast to Malaysia's is the …
Persistent link: https://www.econbiz.de/10013019010
development — three low-income countries (Uganda, Kenya, Mozambique), and three emerging market countries (Malaysia, the …
Persistent link: https://www.econbiz.de/10013027668