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This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...
Persistent link: https://www.econbiz.de/10012868462
and financial crises in Asia, Latin America and Russia. The paper notes that, in contrast to the uneven economic … económicas y financieras de Asia, Latinoamérica y Rusia. Se observa que, a diferencia de los irregulares resultados económicos … de dicho programa de políticas? Crisis económica y financiera de Asia—Una tesis de gran importancia y trascendencia sobre …
Persistent link: https://www.econbiz.de/10011499958
This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. Findings …
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"Using an early warning system (EWS) model, this paper provides more empirical evidence on the causes of the 1997 Asian financial crisis, with a view to discriminating between the two hypotheses of "weak fundamentals" and "investors' panic." The results show that there are strong warning signals...
Persistent link: https://www.econbiz.de/10011280381
The crises in Southeast and East Asia have started a new round of debate on the benefits and disadvantages of … globalization. We have to ask whether the crises in Asia were the result of failures in national economic policy or whether they …
Persistent link: https://www.econbiz.de/10014204245
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10012470928
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