Showing 1 - 10 of 230,557
. We find evidence of contagion from Thailand to Indonesia and Malaysia, with 13 and 21 percent of the ressure on the …This paper investigates whether, during the Asian crisis, contagion occurred from Thailand to the other crisis … specifically, we examine whether the effect of the exchange market pressure (EMP) of Thailand, the origin of the crisis, on the EMP …
Persistent link: https://www.econbiz.de/10012757050
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and … the Philippines. Cross-country correlations among currencies and sovereign spreads are found to increase significantly …
Persistent link: https://www.econbiz.de/10013212114
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
Persistent link: https://www.econbiz.de/10003346986
Persistent link: https://www.econbiz.de/10001350353
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10014073466
Erkenntnisse zeigen, dass Thailand als Ursprungsland der Asien-Krise angesehen werden kann. Bezüglich der Entstehung der Krisen in … Aufmerksamkeit. Insbesondere im Rückblick auf die Asien-Krise (1997/98) wurde sowohl aus theoretischer als auch aus empirischer Sicht … liefert empirische Aussagen über Ursachen und Wirkung von Ansteckungseffekten während der Asien-Krise. Neben einer Analyse von …
Persistent link: https://www.econbiz.de/10003688693
database covering the period 1995 to 2007 for five Asian economies most affected by the crisis - Indonesia, Korea, Malaysia …, Singapore and Thailand - we find strong evidence that the Asian crisis affected both directly and indirectly (through …
Persistent link: https://www.econbiz.de/10013141985
Persistent link: https://www.econbiz.de/10001430700
In recent years, emerging East Asian economies have experienced large capital inflows-especially a surge in portfolio inflows-and an appreciation of asset prices such as equities, land, and both nominal and real exchange rates. The paper reviews why a surge in capital inflows can increase asset...
Persistent link: https://www.econbiz.de/10010529707