Showing 1 - 10 of 1,012
Persistent link: https://www.econbiz.de/10010389478
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and …
Persistent link: https://www.econbiz.de/10014394381
The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are applied to bilateral and multilateral exchange rates, deflated using CPIs,...
Persistent link: https://www.econbiz.de/10014401020
This paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand. These …
Persistent link: https://www.econbiz.de/10014398225
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 and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of …
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
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
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
This paper estimates empirically the changing degree of capital mobility in several Pacific Basin countries that have pursued financial liberalization in recent years. Tracing the impact of the liberalization process on the capital account, the paper also examines the implications for monetary...
Persistent link: https://www.econbiz.de/10014398038
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