This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …

indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence …

Sharp exchange rate depreciations in the East Asian crisis countries (Indonesia, Korea, and Thailand) raised doubts …

Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of … 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 …

Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate …

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 … common trait across various regimes. Moreover, results from the post-crisis data do not support the view that the Asia-5 …