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A definitive historical record of financial development for three countries, highlighting the centrality of the financial system in each country's economic development and growth. - Provided by publisher
Persistent link: https://www.econbiz.de/10010220899
The thesis is organized in a set of studies divided in three chapters. Chapter 2 and 3 focus on the Argentine and Brazilian industrial development empirically and they are based on the Analysis Program of Industrial Dynamics database (PADI) (Katz and Stumpo, 2001). PADI covers 28 manufacturing...
Persistent link: https://www.econbiz.de/10011490452
The objective of this paper is to provide a retrospective assessment of our ability to have predicted the impact of the 1997 crisis on the Korean corporate sector. We perform some simple stress tests on the aggregate balance sheets and income statements of the corporate sector to determine what...
Persistent link: https://www.econbiz.de/10014400513
This paper reexamines Korea''s trade flows. Using the standard demand-based models, the paper finds that owing to the … Korea''s remarkable ability to make technological improvements in their production. After reestimating the standard import …
Persistent link: https://www.econbiz.de/10014400932
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in … had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian … economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the …
Persistent link: https://www.econbiz.de/10014400974
The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are applied to bilateral and multilateral exchange rates, deflated using CPIs,...
Persistent link: https://www.econbiz.de/10014401020
This paper develops a small open economy model where entrepreneurs partially finance investment using foreign currency denominated debt subject to a risk premium above and beyond international interest rates. We use Bayesian estimation techniques to evaluate the importance of balance sheet...
Persistent link: https://www.econbiz.de/10014401028
This report evaluates the role of the IMF in three capital account crises, in Indonesia (1997-98), Korea (1997-98), and …
Persistent link: https://www.econbiz.de/10014401106
, Korea, and Thailand during 1997-98. The review takes into account developments as of October 1998, and was the basis for a …
Persistent link: https://www.econbiz.de/10014410993
-Chile, Colombia Mexico-and three East Asian countries-Korea, Malaysia and Thailand. It identifies a number of potential sustainability …
Persistent link: https://www.econbiz.de/10014397228