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The paper examines whether Japanese exporters changed their strategic pricing behavior as a result of the profit squeeze of the late 1980s. It shows that shocks such as the end-of-bubble, the prolonged yen depreciation, and the Asian crisis affected export prices. These effects, however, are too...
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Ende der 1970er Jahre hielten die Reformer in China viel von der deutschen Wirtschaftsordnung. Sie sahen in der Sozialen Marktwirtschaft eine Verbindung von marktwirtschaftlicher Dynamik und stabilisierender Planung. Sie bereisten Deutschland, sahen sich
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This text opens with a discussion of the nature, causes and consequences of the Asian Financial Crisis (AFC). It examines the impact the AFC had as well as offers answers for the questions: why was the economic downturn so severe and why was the territory initially a laggard in economic recovery?
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In the evolving environment of global financial markets, governments, corporations, individual investors, and their associated financial institutions must grapple with a host of thorny issues that affect emerging economies with particular force, as we saw during the Asian financial crisis of the...
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some of these hotly debated economic issuesThe chapter contributors are known experts on China and Asia from both the … Trilemma Configurations in Asia in an Era of Financial Globalization Joshua Aizenman, Menzie D. Chinn and Hiro Ito -- Abstract ….1.2 Output volatility -- 3.1.3 Inflation volatility -- 3.1.4 Medium-run level of inflation -- 3.2 Implications for Asia -- 4 …
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