Series: IMF Working Papers
Author(s): Atish Ghosh , and Swart Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1999
Keywords: Financial crisis, Credit crunch, East Asia Currency Crises, capital adequacy, banking, banking system, banking system liabilities
This paper uses a disequilibrium framework to investigate a possible credit crunch in the East Asian crisis countries (Indonesia, Korea, and Thailand) during 1997-98. It defines a credit crunch as a situation in wh...