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Currency and Financial Crises of the 1990s and 2000s
Razin, Assaf - 2011
We survey three distinct types of financial crises which took place in the 1990s and the 2000s: 1) the credit implosion leading to severe banking crisis in Japan; 2) The foreign reserves' meltdown triggered by foreign hot money flight from frothy economies with fixed exchange rate regimes of...
Persistent link: https://www.econbiz.de/10013130560
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Liquidity Management and Corporate Investment During a Financial Crisis
Campello, Murillo - 2010
This paper uses a unique dataset to study how firms managed liquidity during the financial crisis. Our analysis provides new insights on the interactions between internal liquidity, external funds, and real corporate decisions, such as investment and employment. We first describe how companies...
Persistent link: https://www.econbiz.de/10013138771
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Why Has the Yen Failed to Become a Dominant Invoicing Currency in Asia? A Firm-Level Analysis of Japanese Exporters' Invoicing Behavior
Ito, Takatoshi - 2010
the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an … exports to advanced countries, and second, the prevalence of US dollar invoicing in Japanese exports to East Asia even though … Japanese firms grew; and (2) the production/trade structure of Japanese electronics companies in Asia in which final products …
Persistent link: https://www.econbiz.de/10013139736
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The Impact of the Asian Miracle on the Theory of Economic Growth
Fogel, Robert W. - 2012
spectacular advances of the economies of China, India, and Southeast Asia. Section 1 reviews the debate over the sources of … the new recognition among Western economists that the sustained, very rapid growth in China and Southeast Asia was …
Persistent link: https://www.econbiz.de/10013117048
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The Determinants and Long-Term Projections of Saving Rates in Developing Asia
Horioka, Charles Yuji - 2011
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia … Asia have, in general, been high and rising but that there have been substantial differences from economy to economy and … rates in developing Asia for the 2011-2030 period based on our estimation results and find that the domestic saving rate in …
Persistent link: https://www.econbiz.de/10013118468
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The Federal Reserve, Emerging Markets, and Capital Controls : A High Frequency Empirical Investigation
Edwards, Sebastian - 2012
In this paper I use weekly data from seven emerging nations - four in Latin America and three in Asia - to investigate … dynamics - in Latin America and Asia. The results also indicate that capital controls are not an effective tool for isolating …
Persistent link: https://www.econbiz.de/10013097663
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Financial Frictions and the Persistence of History : A Quantitative Exploration
Buera, Francisco J. - 2014
We quantify the role of financial frictions and the initial misallocation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with financial frictions converges slowly to the new steady state--it takes twice as...
Persistent link: https://www.econbiz.de/10013069222
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Corporate Cash Holding in Asia
Horioka, Charles Yuji - 2013
In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002-2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of...
Persistent link: https://www.econbiz.de/10013071914
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Asia Chartbook : Crises, Credit and Debt, 1835-2013
Reinhart, Carmen - 2013
This Chartbook, which is a companion piece to Carmen M. Reinhart and Takeshi Tashiro (2013) "Crowding Out Redefined: The Role of Reserve Accumulation," focuses on nine Asian economies: China, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore and Thailand. Like its predecessor...
Persistent link: https://www.econbiz.de/10013072865
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Crowding Out Redefined : The Role of Reserve Accumulation
Reinhart, Carmen - 2013
Asia to support this interpretation …
Persistent link: https://www.econbiz.de/10013072866