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adjustment pressures in OECD markets exists, though raising barriers should be avoided, since this would harm East Asia …
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hardly surprising that most of the literature dealing with economic events in East Asia during recent years has concentrated …
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Sharp exchange rate depreciations in the East Asian crisis countries (Indonesia, Korea, and Thailand) raised doubts about the efficacy of increasing interest rates to defend the currency. Using a standard monetary model of exchange rate determination, this paper shows that tighter monetary...
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corporate balance sheets in much of Asia: the IMF was unaware of the extraordinary leverage of Korean companies, which in some …
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