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deflator yields the greatest evidence of “stationarity.” The study find’s that the Malaysian, Philippines, and Thai currencies …
Persistent link: https://www.econbiz.de/10014401020
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/10014404003
experiences, with the exception of Singapore, have been more episodic--oscillating between periods of high and low financial …
Persistent link: https://www.econbiz.de/10014398038
This paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand. These … each country, except for Indonesia where the effects of demographics have been even more pronounced …
Persistent link: https://www.econbiz.de/10014398225
, Malaysia, Singapore, and Thailand since the early 1980s. The empirical results indicate continuing instability in the …This paper examines the impact of financial market development and liberalization on money demand behavior in Indonesia …
Persistent link: https://www.econbiz.de/10014403342
Persistent link: https://www.econbiz.de/10010389478
impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the …
Persistent link: https://www.econbiz.de/10012667433
aftermath of the Asian crisis. The results suggest that movements in the Asia-5 currencies (Indonesia, Korea, Malaysia …, Philippines, and Thailand) were significantly influenced by the U.S. dollar''s day-to-day movements before the crisis, and have …
Persistent link: https://www.econbiz.de/10014403621
evidence and concludes that, except for Malaysia, which adopted a hard peg and imposed capital controls, the other crisis …
Persistent link: https://www.econbiz.de/10014399947
This paper evaluates monetary policy and its relationship with the exchange rate in five Asian crisis countries. The findings are compared with previous currency crises in recent history. The paper finds no evidence of overly tight monetary policy in the Asian crisis countries in 1997 and early...
Persistent link: https://www.econbiz.de/10014401509