Browse

You are looking at 71 - 80 of 85 items :

  • Type: Books and Journals x
  • IMF Working Papers x
  • Books and Analytical Papers x
Clear All Modify Search
Post-Crisis Exchange Rate Policy in Five Asian Countries
			: Filling in the "Hollow Middle"?

Post-Crisis Exchange Rate Policy in Five Asian Countries : Filling in the "Hollow Middle"? »

Volume/Issue: 2001/170

Series: IMF Working Papers

Author(s): Leonardo Hernández , and Peter Montiel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2001

DOI: http://dx.doi.org/10.5089/9781451858426.001

ISBN: 9781451858426

Keywords: exchange rate policy, exchange rate, crisis countries, pre-crisis, post-crisis period, exchange rates

Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate systems, reinforcing the bipolar view of exchange rate regimes and the "hollow middle" hypothesi...

Has Inventory Investment Been Liquidity-Constrained? Evidence From U.S. Panel Data

Has Inventory Investment Been Liquidity-Constrained? Evidence From U.S. Panel Data »

Volume/Issue: 2001/122

Series: IMF Working Papers

Author(s): Yungsan Kim , and Woon Choi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

DOI: http://dx.doi.org/10.5089/9781451854497.001

ISBN: 9781451854497

Keywords: inventory investment, liquidity constraint, panel data, inventories, inventory, bond, cash flow,

Based on an analysis of high-frequency panel data for U.S. firms, this paper finds that inventory investment has been liquidity-constrained in most periods during 1975-97, but less so, or not at all, during recessi...

Managing Financial Crises
			: The Experience in East Asia

Managing Financial Crises : The Experience in East Asia »

Volume/Issue: 2000/107

Series: IMF Working Papers

Author(s): Timothy Lane , A. Hamann , Marianne Schulze-Gattas , Ales Bulir , Steven Phillips , Atish Ghosh , Alex Mourmouras , and Jack Boorman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

DOI: http://dx.doi.org/10.5089/9781451852974.001

ISBN: 9781451852974

Keywords: East Asian financial crisis, IMF, asian crisis, crisis countries, moral hazard, capital outflows, capital adequacy

The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the...

Contagion, Monsoons, and Domestic Turmoil in Indonesia
			: A Case Study in the Asian Currency Crisis

Contagion, Monsoons, and Domestic Turmoil in Indonesia : A Case Study in the Asian Currency Crisis »

Volume/Issue: 2000/60

Series: IMF Working Papers

Author(s): Sweta Saxena , and Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2000

DOI: http://dx.doi.org/10.5089/9781451848045.001

ISBN: 9781451848045

Keywords: Currency crisis, Contagion, Markov-switching models, probability, probabilities, asian crisis, equation

This paper investigates whether Indonesia’s recent currency crisis was due to domestic fundamentals, common external shocks (“monsoons”), or contagion from neighboring countries. Markov-switchi...

Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia

Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia »

Volume/Issue: 1999/143

Series: IMF Working Papers

Author(s): Se-Jik Kim , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

DOI: http://dx.doi.org/10.5089/9781451856323.001

ISBN: 9781451856323

Keywords: corporate leverage, bankruptcy, capital sales, east Asian crisis, output contractions, capital inflows, capital stock, bonds, gross domestic product, cost of capital

Different levels of corporate leverage are used in this paper to help explain the wide range of post-crisis output adjustment across East Asia. In the model developed here, highly leveraged firms facing a cutoff of...

Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation-with Reference to the Asian Financial Crisis

Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation-with Reference to the Asian Financial Crisis »

Volume/Issue: 1998/127

Series: IMF Working Papers

Author(s): Zhaohui Chen , and Jorge Chan-Lau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1998

DOI: http://dx.doi.org/10.5089/9781451935998.001

ISBN: 9781451935998

Keywords: Asian crisis, credit crunch, financial intermediary, capital flow, capital inflow inertia, capital inflow, capital outflow, capital flows

This paper develops a model of private debt financing under inefficient financial intermediation. It suggests a mechanism that can generate the following sequence of events observed in the recent Asian crisis: A pe...

From Autarky to Integration
			: Imitation, Foreign Borrowing, and Growth

From Autarky to Integration : Imitation, Foreign Borrowing, and Growth »

Volume/Issue: 1998/140

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1998

DOI: http://dx.doi.org/10.5089/9781451928907.001

ISBN: 9781451928907

Keywords: Growth, Imitation, Innovation, Knowledge Gap, Foreign Borrowing, capital markets, human capital, capital controls, capital mobility, international capital markets

The effects on growth of the integration of an autarkic country into the world economy are analyzed, focusing on the differing roles of imitation and innovation in human capital accumulation. The country initially...

The East Asian Crisis
			: Macroeconomic Developments and Policy Lessons

The East Asian Crisis : Macroeconomic Developments and Policy Lessons »

Volume/Issue: 1998/128

Series: IMF Working Papers

Author(s): Kalpana Kochhar , Prakash Loungani , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1998

DOI: http://dx.doi.org/10.5089/9781451935547.001

ISBN: 9781451935547

Keywords: crisis countries, exchange rate, asian crisis, exchange rates, contagion

This paper reviews macroeconomic developments during the first year of the crisis in east Asia and draws some preliminary policy lessons. The crisis is rooted in the interaction of large capital inflows and weak pr...

Leading Indicators of Banking Crises
			: Was Asia Different?

Leading Indicators of Banking Crises : Was Asia Different? »

Volume/Issue: 1998/91

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1998

DOI: http://dx.doi.org/10.5089/9781451951745.001

ISBN: 9781451951745

Keywords: Banking crises, leading indicators, East Asia, banking, banking system, banking sector, banking system distress

This paper examines episodes of the banking system distress and crisis in a large sample of countries. The empirical results identify several macroeconomic and financial variables as useful leading indicators. The...

Saving in Southeast Asia and Latin America Compared
			: Searching for Policy Lessons

Saving in Southeast Asia and Latin America Compared : Searching for Policy Lessons »

Volume/Issue: 1997/110

Series: IMF Working Papers

Author(s): Christian Thimann , and Anuradha Dayal-Gulati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1997

DOI: http://dx.doi.org/10.5089/9781451853308.001

ISBN: 9781451853308

Keywords: Saving, Southeast Asia, Latin America, private saving, pension, dependency ratio, retirement, funded pension

This paper examines empirical determinants of private saving for a sample of economies in Southeast Asia and Latin America over the period 1975–95. It uses panel estimations to establish relationships betwee...