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Persistent link: https://www.econbiz.de/10009488213
, 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/10012667433
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …
Persistent link: https://www.econbiz.de/10014400559
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/10014396934
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 assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
Persistent link: https://www.econbiz.de/10014404046
the performance of domestic banks and a long-established group of foreign banks during the recent crisis in Malaysia. We …
Persistent link: https://www.econbiz.de/10014404093
Persistent link: https://www.econbiz.de/10009424816
Persistent link: https://www.econbiz.de/10011282762
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/10009618564