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This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...
Persistent link: https://www.econbiz.de/10012471245
Korea relative to the US. Our comparative analysis, using macro-level and harmonized longitudinal household financial data …
Persistent link: https://www.econbiz.de/10012814424
We study whether tariff preferences conferred on South Korean goods through the implementation of the Korea-U.S. Free … magnitude as the increase in the U.S. bilateral goods trade deficit with South Korea. Thus, while increased U.S. imports from … South Korea may have increased the U.S.-South Korea bilateral trade deficit, the fact that KORUS diverted U.S. import demand …
Persistent link: https://www.econbiz.de/10012479566
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10012473353
million more full-time workers on four-day weeks. The same growth occurred in the Netherlands, Germany, and South Korea. The …
Persistent link: https://www.econbiz.de/10013334325
This paper uses an asymmetric information framework to understand the causes of the recent financial crisis in Korea …
Persistent link: https://www.econbiz.de/10012471293
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/10012471396
It is commonly argued that Japanese trade protection has enabled the nurturing and development internationally competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous. We find that lower tariffs and higher import volumes...
Persistent link: https://www.econbiz.de/10012471526
of foreign investors to supply international credits. We illustrate the relevance of this concern for South Korea during … the recent financial crisis. Using available information about Korea's reserves at the onset of the crisis, we show that …
Persistent link: https://www.econbiz.de/10012471586
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/10012471660