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crisis to East Asian countries, including Thailand. The international trade literature points out that trade concentration is … considered to be an important factor in the amplification of the effects of the crisis. Thailand was still greatly affected by … find that Thailand still has high exposure to the G3 markets. Simulation using the CGE model has also confirmed that the …
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This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
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