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, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and …
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Using a new firm-level dataset with comprehensive information on Asian firms' FX liabilities, we show that Asia …
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Bid-ask spreads for Asian emerging market currencies increased sharply during the Asian crisis. A key question is whether such wide spreads were excessive or explained by models of bid-ask spreads. Precrisis estimates of standard models show that spreads during the crisis were in most cases...
Persistent link: https://www.econbiz.de/10014401032
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/10014404003
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … vulnerabilities—contributed significantly to Asia’s resilience. Key pre-crisis factors included moderate credit expansion, reliance on … financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and higher risk …
Persistent link: https://www.econbiz.de/10014411153
theory, as well as accounting literature, we find evidence of greater idiosyncratic influences in the pricing of Asia’s stock …Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of … stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role of …
Persistent link: https://www.econbiz.de/10014411156
Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns …
Persistent link: https://www.econbiz.de/10014396568