Similar Search Results

The Credit Crunch in East Asia : What can Bank Excess Liquid Assets Tell us?

Agenor, P.R. - 2000

The paper proposes a two-step approach to assessing the extent to which the fall in credit in crisis-stricken East Asian countries was a supply- or demand-induced phenomenon. The first step is based on the estimation of a demand function for excess liquid assets by commercial banks. Such a...

Persistent link: https://www.econbiz.de/10012470785

International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information

Chinn, Menzie D. - 2000

A model of financial crises in emerging markets based on problems of agency in financial intermediation is developed. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in an endogenous growth model. As a consequence of loan...

Persistent link: https://www.econbiz.de/10012470835

Lessons from the Asian Crisis

Mishkin, Frederic S. - 2000

This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...

Persistent link: https://www.econbiz.de/10012470928

Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis

Kane, Edward J. - 2000

This paper supplies an agency-cost and contestable-markets perspective on the financial policies that triggered the Asian financial crisis. The agency-cost analysis hypothesizes that individual-country regulators knew that politically directed loans had made their banks insolvent, but...

Persistent link: https://www.econbiz.de/10012471262

Latin America and East Asia in the Context of an Insurance Model of Currency Crises

Chinn, Menzie D. - 1999

This paper focuses on the 1995 Latin American and 1997 East Asian crises using an insurance-based model of financial crises. First the model of Dooley (forthcoming) is described. Second, some empirical evidence for an insurance model is presented. The key variables in this approach include the...

Persistent link: https://www.econbiz.de/10012471706

What Caused the Asian Currency and Financial Crisis? Part II : The Policy Debate

Corsetti, Giancarlo - 1998

The paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even if market overreaction and herding caused the plunge of exchange rates, asset prices, and economic activity to be more severe...

Persistent link: https://www.econbiz.de/10012471977

Alternative Estimates of Productivity Growth in the NICs : A Comment on the Findings of Chang-Tai Hsieh

Young, Alwyn - 1998

Dual estimates of productivity growth by Chang-Tai Hsieh have raised questions about the accuracy of the East Asian national accounts, suggesting that productivity growth in the NICs, particularly Singapore, may have been substantially higher than previously estimated. This paper shows that once...

Persistent link: https://www.econbiz.de/10012472154

Is an Integrated Regional Labor Market Emergin in East and Southeast Asia?

Bloom, David E. - 1995

We examine labor market integration in east and southeast Asia (ESEA) during the 1980s, focusing on intraregional labor mobility and on the two other main channels of integration: capital mobility and trade. We find evidence that labor market integration increased sharply among ESEA countries in...

Persistent link: https://www.econbiz.de/10012473705

Science, Philanthropy, and American Leadership

Conn, Robert W.; Cowhey, Peter F.; Zivin, Joshua S. Graff; … - National Bureau of Economic Research - 2023

Investments in the US Science, Technology, Engineering, Medicine and Innovation (STEMI) enterprise come from many different sectors and their combined effect crucially enhances the nation's competitiveness. Philanthropy is an under-appreciated component of this ecosystem, providing $21.5 billion...

Persistent link: https://www.econbiz.de/10014372474

The Impact of Counterfeit Victims in the Victim Marketplace

Ban, Mingyuan; Qian, Yi; Gong, Qiang; Aquino, Karl - National Bureau of Economic Research - 2025

Just and efficient allocations of charity have attracted much academic and media attention. The sources of inefficiency …. In particular, when charity resources are scarce, more strategic signallers could rush to emit false victim signals and …, resulting in misplaced charity funds and severe deadweight losses. When there is psychological utility associated with cheating …

Persistent link: https://www.econbiz.de/10015194973