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progress the region had made in applying this second model to mobilize private investment and financing for infrastructure …. This report describes the background of the 1997 financial crisis in East Asia and its impact on private investment in the …
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Intro -- Contents -- Foreword -- Abstract -- Overview -- The Economic Context -- Private Participation in Infrastructure -- LESSONS FROM THE CRISIS: HOW SHOULD THE COUNTRIES RESPOND? -- Notes -- Annex Country Profiles -- Annex Notes -- References
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A key legacy of the Asian financial crisis of 1997-1998 is a sustained drop-off in the investment rates of East Asian … countries that were hardest hit by the crisis. We first review the stylized facts of investment in those countries, and then … explore and evaluate the various possible explanations for the decline in investment. In our empirical analysis, which expands …
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. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in … accumulation of bank debt and increasing concentration of domestic lending and investment to the anticipation of contingent …
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