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research team composed of 12 leading economists from the ten East Asian countries: Thailand, Malaysia, Indonesia, the …
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. Additionally, we control for spillovers and common external shocks. We find evidence of contagion from Thailand to Indonesia and … pressure (EMP) of Thailand, the origin of the crisis, on the EMP of four Asian crisis countries increased during the crisis … Malaysia, with 13 and 21 percent of the pressure on the respective currencies attributable to contagion. For Korea and the …
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database covering the period 1995 to 2007 for five Asian economies most affected by the crisis - Indonesia, Korea, Malaysia …In this paper we assess the effects of bond financing on firms' survival during the 1997-98 Asian crisis. Using a novel …, Singapore and Thailand - we find strong evidence that the Asian crisis affected both directly and indirectly (through …
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We estimate dynamic conditional correlations of financial asset returns across countries by an array of multivariate GARCH models and analyze spillover effects of the recent US financial crisis on 5 emerging Asian countries. We confirm the existence of financial contagion around the collapse of...
Persistent link: https://www.econbiz.de/10013143576
One of the puzzling phenomena in the emerging financial market was that financial crises often took place in middle-income countries rather than in low-income countries. This study empirically studies the financial crises between 1993 and 2003 and finds that the over-reliance on foreign debt,...
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This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …
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