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Analysis of the financial crisis in East Asia has focussed on the most-affected East Asian economies, namely: Thailand … percent of the GDP of East Asia. Japan, which accounts for over 60 percent of regional GDP, has its own unique tale with … generalizing the story of the crisis economies to East Asia as a whole, and in linking this debate to the earlier Asian Miracle …
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Despite their predictable and regular incomes, Filipino domestic workers in Hong Kong, China commonly finance large expenses through interest-bearing loans rather than savings. Our analysis of survey data and records of a credit cooperative for migrant workers suggests that this cannot be...
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