Showing 1 - 10 of 154
, Malaysia, Singapore, and Thailand since the early 1980s. The empirical results indicate continuing instability in the …
Persistent link: https://www.econbiz.de/10014403342
impressive growth rate of TFP in Singapore, Thailand, and Malaysia, a relatively strong rate for Indonesia, and a negative rate …
Persistent link: https://www.econbiz.de/10014403787
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 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
economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach …
Persistent link: https://www.econbiz.de/10014399958
This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income Dynamics (PSID) ?covering about 7,000-9,000 households in...
Persistent link: https://www.econbiz.de/10012022025
Persistent link: https://www.econbiz.de/10009756786
Uncertainty about the riskiness of new financial products was an important factor behind the U.S. credit crisis. We show that a boom-bust cycle in debt, asset prices and consumption characterizes the equilibrium dynamics of a model with a collateral constraint in which agents learn ""by...
Persistent link: https://www.econbiz.de/10014402674
This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing across a sample of OECD and emerging market (EM) countries. This is in contrast to the existing literature on consumption risk sharing, which is mainly about risks at business...
Persistent link: https://www.econbiz.de/10014402821