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Did Output Recover From the Asian Crisis?
Cerra, Valerie - 2003
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
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Hong Kong SAR As a Financial Center for Asia : Trends and Implications
Unteroberdoerster, Olaf - 2008
We document Hong Kong SAR''s evolving role as an international financial center in the Asia region, the importance of … growth. Hong Kong SAR has a long established track record as Asia''s premier center for cross-border financial transactions …. Further financial opening of China is likely to consolidate Hong Kong SAR''s leading position as Asia''s international …
Persistent link: https://www.econbiz.de/10014401869
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The great rebalancing act : can investment be a lever in Asia?
Nabar, Malhar; Syed, Murtaza - 2011
Persistent link: https://www.econbiz.de/10009487108
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Trade and financial spillover on Hong Kong SAR from a downturn in Europe and Mainland China
N'Diaye, Papa M'B. P.; Ahuja, Ashvin - 2012
Persistent link: https://www.econbiz.de/10009572370
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Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR : Evidence from Stock Markets
Zhang, Xiaojing - 2009
This paper focuses on evidence from stock markets as it investigates the spillovers from the United States to mainland China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds that China''s stock market is not immune to the...
Persistent link: https://www.econbiz.de/10014402277
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Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09
Purfield, Catriona - 2010
The paper traces the Baltics’ adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics...
Persistent link: https://www.econbiz.de/10014397545
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External Adjustment and the Global Crisis
Milesi-Ferretti, Gian-Maria - 2011
After widening substantially in the period preceding the global financial crisis, current account imbalances across the world have contracted to a significant extent. This paper analyzes the factors underlying this process of external adjustment. It finds that countries whose pre-crisis current...
Persistent link: https://www.econbiz.de/10014398603
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Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia
Kim, Se-Jik - 1999
adjustment across East Asia. In the model developed here, highly leveraged firms facing a cutoff of capital inflows are …
Persistent link: https://www.econbiz.de/10014400639
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Sovereign spreads and contagion risks in Asia
Caceres, Carlos; Unsal, D. Filiz - 2011
Persistent link: https://www.econbiz.de/10009424780
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Impact of the global crisis on banking sector soundness in Asian low-income countries
Ree, Jack Joo K. - 2011
Persistent link: https://www.econbiz.de/10009425652