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This paper analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral...
Persistent link: https://www.econbiz.de/10005263754
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the...
Persistent link: https://www.econbiz.de/10005826629
We present a stylized framework which encompasses a variety of "balance sheet approaches" to currency crises that have been suggested in the literature, and analyze their policy implications. The common theme is that currency and maturity mismatches in private sector balance sheets constrain the...
Persistent link: https://www.econbiz.de/10005599651
Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...
Persistent link: https://www.econbiz.de/10005264050
world countries, even poor countries with low and middle incomes in Asia and Africa spend a great part of its national …
Persistent link: https://www.econbiz.de/10010670339
This article argues that the recent financial crisis was caused largely by the long-term problem of the current world economy lacking a sustainable path of development. Limits to growth – expressed principally through rises in the price of oil and other commodities – created a crisis for the...
Persistent link: https://www.econbiz.de/10008563579
This article argues that the recent financial crisis was caused largely by the long-term problem of the current world economy lacking a sustainable path of development. Limits to growth -- expressed principally through rises in the price of oil and other commodities -- created a crisis for the...
Persistent link: https://www.econbiz.de/10005048915
The main purpose of this work is to develop a case study assessing the recent patterns and impacts of ODA (official development assistance) and DAH (development assistance for health) to Liberia on overall government spending and domestic revenue generation as well as domestic government health...
Persistent link: https://www.econbiz.de/10010775388
from the World Bank's Enterprise Surveys, we econometrically test the hypothesis that pre-crisis innovation affected their … survival odds and performance thereafter. Overall, the results indicate that the innovation-survival connection holds … consequences. If appetite for risky innovation is sociably desirable and the crisis weeds out viable businesses, including those …
Persistent link: https://www.econbiz.de/10011093663
With the start of the global economic crisis, world foreign direct investment (FDI) inflows decreases by 16% in 2008, then dropped sharply by 37% in 2009 and gained a marginal 1% increase in 2010. The decrease was relatively more pronounced in the developed countries. For the first time,...
Persistent link: https://www.econbiz.de/10009224847