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The Yen and its East Asian Neighbors, 1980-1995 : Cooperation or Competition?

Takagi, Shinji - 2021

By looking at how an East Asian currency moves when the yen fluctuates sharply against the US dollar, we sometimes find that the reaction has been much more significant than would be suggested by the econometric estimates of the weight of the yen in nominal exchange rate determination. Moreover,...

Persistent link: https://www.econbiz.de/10013246656

Recovery and Sustainability in East Asia

Park, Yung Chul; Lee, Jong-Wha - 2021

This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The stylized pattern from the previous 160 currency crisis episodes over the period from 1970 to 1995 shows a V-type adjustment of real GDP growth in the years prior to and...

Persistent link: https://www.econbiz.de/10013227193

Federal Tax Policy Towards Energy

Metcalf, Gilbert E. - 2007

On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other things, the law contains tax incentives worth over $14...

Persistent link: https://www.econbiz.de/10012778276

Capital Flows in Asia

Ito, Takatoshi - 2021

factors to the role of capital flows in the currency crises in different countries, especially Thailand, Indonesia, and Korea …

Persistent link: https://www.econbiz.de/10013221289

Did the Malaysian Capital Controls Work?

Kaplan, Ethan; Rodrik, Dani - 2021

. The fact that Korea and Thailand recovered in parallel has been interpreted as suggesting that capital controls did not … summer of 1998, while it had significantly eased up in Korea and Thailand. We employ a time-shifted differences …

Persistent link: https://www.econbiz.de/10013235866

Moderate Inflation

Dornbusch, Rudiger; Fischer, Stanley - 2021

Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods. In this paper we first set out theories of...

Persistent link: https://www.econbiz.de/10013245721

Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea

Lim, Youngjae; Hahn, Chinhee - 2021

, accepted in the court-administered rehabilitation procedures after the post-crisis bankruptcy reform in Korea, had experienced … less persistent problems in the pre-bankruptcy Total-Factor-Productivity (TFP) performances than those before the reform …. The most crucial element of the post-crisis reform in the post-crisis court-administered bankruptcy system is the …

Persistent link: https://www.econbiz.de/10013231993

Firm-Specific Information and the Efficiency of Investment

Chari, Anusha - 2006

We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....

Persistent link: https://www.econbiz.de/10012780226

Large Devaluations and the Real Exchange Rate

Burstein, Ariel T.; Eichenbaum, Martin; Rebelo, Sergio T. - 2021

large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a …

Persistent link: https://www.econbiz.de/10013220091

Uncertainty and the Disappearance of International Credit

Aizenman, Joshua; Marion, Nancy Peregrim - 2021

We show that increased uncertainty about the size of an emerging market's external debt has a nonlinear and potentially large adverse effect on the supply of international credit offered to them. We also show that if international creditors are first- order risk averse, attaching greater weight...

Persistent link: https://www.econbiz.de/10013240948

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