asian crisis
The Asian crisis and the exposure of large U.S. firms
... Increased business risk means that the proba- bility of default—situations when the assets are worth less than the debt they secure—has in- creased. Thus, increased business risk means that the put option underwritten by ...
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A Country Risk Assessment Model and the Asian Crisis
... This paper combines both approaches. The determinants of debt rescheduling for 34 developing countries over the period from 1986 to 1998 is examined by utilizing the two-limit Tobit model. After determining the ...
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Lessons from the Asian Crisis
... recent Asian crisis, the worst-hit country Indonesia saw seen its currency decline to less than one-quarter of its pre-crisis value, in a very short period of ...
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The Models of Third Generation: Controversies on the Profound Nature of the Asian Crisis
... the crisis countries remain illiquid and heavily ...1997 crisis was largely unanticipated, although the concerns were more pressing on Thailand in the first half of ...
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Testing for Contagion during the Asian Crisis
... 1997 Asian crisis, but we propose a different approach to eliminate the bias in the conventional correlation ...the crisis, when most shocks are negative, the symmetry restriction in GARCH leads to a ...
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Looking Back to the Asian Crisis
... the Asian crisis is the partial failure of the ambitious programme that had been put in place in the aftermath of the Mexican crisis: in particular, the role of the information was clearly ...
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The Asian crisis and financial and capital account liberalization
... the Asian crisis, the Russian economy was performing poorly in any ...the Asian crisis. This crisis has clearly exacerbated economic problems in many parts of the ...the Asian ...
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Unchained Melody: Economic performance after the Asian crisis
... 1997 Asian Crisis (henceforth, ...(henceforth, crisis-affected economies) are actually inferior when compared to pre-crisis ...the crisis-affected economies have not recouped the losses ...
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Bank Lending and Contagion: Evidence from the Asian Crisis
... Since what we are interested in explaining is how turbulence is transmitted across countries which are connected by trade or finance and in assessing which of these links are most important, it matters greatly how we ...
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A Twin Crisis Model Inspired by the Asian Crisis
... a crisis taking place at the height of a capital inflow period, mainly intermediated through the domestic banking ...the Asian crisis, the link between rapid credit expansion and currency crises had ...
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Modeling currency instability: The 1997 Asian crisis re examined
... of crisis can be found in Krugman (1979); models of this kind are known as ‘first-generation’ models of currency ...the Asian crisis brought even more complex micro- level problems and market ...
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Financial market contagion in the Asian crisis
... The Asian crises were marked by periods of market mayhem when currencies and stock markets in the region tumbled in waves, with declining markets pushing each-other in a circular and mutually reinforcing ...
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Market Discipline at Thai Banks before the Asian Crisis
... probably not an appropriate measure of leverage monitored by depositors. There is little variation in this ratio between banks or over time. This ratio also rises in the last year before the crisis, whereas and ...
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The East Asian crisis : investigating causes and policy responses
... These shocks produce the expected declines in the Japanese exchange rate, and in the current account, but appear to produce relatively small changes in the exchange rates of the other Ea[r] ...
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Contagion Effects of the Asian Crisis, Policy Responses and their Social Implications
... The growth in the amount of loanable funds that went to construction and real estate between 1993 and 1996 led to the imposition of a 30 percent cap on commercial banks' total exposure t[r] ...
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What triggers market jitters? A chronicle of the Asian crisis
... The results are quite robust, with the order of the effects of the different sources of news not being affected by the sample selected, that is agreements with international organizat[r] ...
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The Asian liquidity crisis
... accross Asian countries, illiquidity was a common feature to all of the ones that eventually found themselves in a ...troubled Asian crisis differed from 1990s Latin America, which also suffered from ...
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What Caused the Asian Currency and Financial Crisis?
... the crisis re À ected structural and policy distortions in the countries of the ...nancial crisis in 1997, even if, once the crisis started, market overreaction and herding caused the plunge of ...
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Why Did Asian Countries Fare Better during the Global Financial Crisis than during the Asian Financial Crisis?
... crises. Prior to the Asian crisis, EA-5 exchange rates tended to be overvalued and their movements were limited. In 1997–98, the currencies went through a massive correction in all these countries. ...
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Prospects for Asian Monetary Cooperation After the Asian Financial Crisis. Pipedream or Possible Reality?
... an Asian Monetary Fund was rejected, under pressure from the IMF and Washington, a good case can be made for placing responsibility for the functions of macroeconomic surveillance and regional resource pooling ...
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