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An Empirical and Theoretical Study on the Wider Use of Local Currencies in the Asia-Pacific Region after the Asian Financial and Currency Crisis : An analysis focused on Thailand
Inoue, Ichiro - East Asian Bureau of Economic Research (EABER) - 2005
liabilities in Thailand. Namely, the Thai private sector switched the denominations from the US dollar to the yen and at a larger … percentage to the home currency (the Thai baht). The private sectors elsewhere in the Asia-Pacific region also switched from the … US dollar to home currencies. Japanese banks resident in Thailand increased their local claims in the Thai baht; Japanese …
Persistent link: https://www.econbiz.de/10009363834
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The Episodes of Currency Crisis in Latin American and Asian Economies
DABROWSKI, Marek; Antczak, Malgorzata; Blaszkiewicz, Monika - CASE-Center for Social and Economic Research - 2001
and Argentine) and four Asian countries in 1997-1998 (Thailand, Malaysia, Indonesia, and Korea). The Asian part of this … the research project no. OI44/H02/99/17 on "Analysis of Currency Crises in Countries of Asia, Latin America and Central …
Persistent link: https://www.econbiz.de/10008479017
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Managing Financial Crises; The Experience in East Asia
Lane, Timothy D.; Hamann, A. Javier; Schulze-Gattas, … - International Monetary Fund (IMF) - 2000
The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...
Persistent link: https://www.econbiz.de/10005263845
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Did Output Recover From the Asian Crisis?
Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2003
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10005604941
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Comparison between Asian, Russian and Turkish financial crises
Lukkarila, Johanna - EconWPA - 2004
, ie third generation theories, for the crisis episodes in Asia. It also compares the theories and Asian events to …
Persistent link: https://www.econbiz.de/10005556609
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Currency Crisis and Contagion; Evidence From Exchange Rates and Sectoral Stock Indices of the Philippines and Thailand
Nagayasu, Jun - International Monetary Fund (IMF) - 2000
indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence …
Persistent link: https://www.econbiz.de/10005263754
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Financial Crises, Poverty, and Income Distribution
International Monetary Fund (IMF); International … - 2002
Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...
Persistent link: https://www.econbiz.de/10005264050
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The Level and Composition of Public Sector Debt in Emerging Market Crises
Rother, Bjoern; Hakobyan, Ivetta; Bolle, Monica … - International Monetary Fund (IMF) - 2006
The paper examines the evolution of public sector debt levels and structures in 12 emerging market countries around the time of financial crises. In particular, it focuses on whether the debt situation of sovereign borrowers became more vulnerable in the aftermath of crises. The principal...
Persistent link: https://www.econbiz.de/10005825985
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Indonesia; Anatomy of a Banking Crisis
Kovanen, Arto; Frécaut, Olivier; Baldwin, Barbara E.; … - International Monetary Fund (IMF) - 2001
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the...
Persistent link: https://www.econbiz.de/10005826629
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The Late 1990's Financial Crisis in Ecuador; Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization At Work
Jácome, Luis Ignacio - International Monetary Fund (IMF) - 2004
This paper stresses three factors that amplified the 1990s financial crisis in Ecuador, namely institutional weaknesses, rigidities in public finances, and high financial dollarization. Institutional factors restricted the government's ability to respond in a timely manner and efficiently enough...
Persistent link: https://www.econbiz.de/10005769178