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Characterizing Exchange Rate Regimes in Post-Crisis East Asia

Characterizing Exchange Rate Regimes in Post-Crisis East Asia »

Volume/Issue: 2001/152

Series: IMF Working Papers

Author(s): Taimur Baig

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2001

DOI: http://dx.doi.org/10.5089/9781451857092.001

ISBN: 9781451857092

Keywords: exchange rate regime, volatility, Asian crisis, exchange rate, exchange rates, random walk, exchange rate volatility, standard deviation, International Monetary Arrangements and Institutions,

This paper examines the behavior of the exchange rates of selected emerging market East Asian economies in the aftermath of the Asian crisis. The results suggest that movements in the Asia-5 currencies (Indonesia,...

Corporate Insolvency Procedures and Bank Behavior
			: A Study of Selected Asian Economies

Corporate Insolvency Procedures and Bank Behavior : A Study of Selected Asian Economies »

Volume/Issue: 1999/135

Series: IMF Working Papers

Author(s): Qaizar Hussain , and Clas Wihlborg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

DOI: http://dx.doi.org/10.5089/9781451931310.001

ISBN: 9781451931310

Keywords: Insolvency procedures, Bankruptcy, Capital structure, Shareholder concentration, Firm performance, Asian crisis, insolvency, correlations, correlation, insolvency law

This paper explores insolvency and debt recovery procedures, and political, legal, and institutional factors influencing financial decisions of corporations and banks during pre-crisis years in six Asian economies....

Crises, Labor Market Policy, and Unemployment

Crises, Labor Market Policy, and Unemployment »

Volume/Issue: 2012/65

Series: IMF Working Papers

Author(s): Davide Furceri , Lorenzo E. Bernal-Verdugo , and Dominique Guillaume

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

DOI: http://dx.doi.org/10.5089/9781463938420.001

ISBN: 9781463938420

Keywords: Labor market, flexibility, reforms, labor market institutions, labor market flexibility, labor market policies, Macroeconomics: Consumption, Saving, Production, Employment and Investment: Other

Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium...

Current Account Sustainability
			: Selected East Asian and Latin American Experiences

Current Account Sustainability : Selected East Asian and Latin American Experiences »

Volume/Issue: 1996/110

Series: IMF Working Papers

Author(s): Assaf Razin , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1996

DOI: http://dx.doi.org/10.5089/9781451853292.001

ISBN: 9781451853292

Keywords: current account, current account deficits, capital inflows, external debt, capital flows

A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances...

Domestic Bank Regulation and Financial Crises
			: Theory and Empirical Evidence From East Asia

Domestic Bank Regulation and Financial Crises : Theory and Empirical Evidence From East Asia »

Volume/Issue: 2001/63

Series: IMF Working Papers

Author(s): Kenneth Kletzer , and Robert Dekle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

DOI: http://dx.doi.org/10.5089/9781451848427.001

ISBN: 9781451848427

Keywords: financial fragility, banking, foreign capital, foreign capital inflows, deposit insurance, Open Economy Macroeconomics,

A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressi...

Explaining ASEAN-3's Investment Puzzle A Tale of Two Sectors

Explaining ASEAN-3's Investment Puzzle A Tale of Two Sectors »

Volume/Issue: 2013/13

Series: IMF Working Papers

Author(s): Yong Sarah Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2013

DOI: http://dx.doi.org/10.5089/9781475533736.001

ISBN: 9781475533736

Keywords: Tobin&;amp;#x2019;s Q, asian crisis, capital markets, pre-crisis, financial crisis

The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been...

Export Quality in Developing Countries

Export Quality in Developing Countries »

Volume/Issue: 2013/108

Series: IMF Working Papers

Author(s): Christian Henn , Chris Papageorgiou , and Nicola Spatafora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2013

DOI: http://dx.doi.org/10.5089/9781484351635.001

ISBN: 9781484351635

Keywords: Product Quality, Upgrading, export quality, exporter, exporters, commodity exporters, Country and Industry Studies of Trade, Information and Product Quality,

This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of products over 1962–2010. Quality upgrading is particularly rapid during the early stages of dev...

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...

Financial Market Contagion in the Asian Crisis

Financial Market Contagion in the Asian Crisis »

Volume/Issue: 1998/155

Series: IMF Working Papers

Author(s): Taimur Baig , and Ilan Goldfajn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1998

DOI: http://dx.doi.org/10.5089/9781451857283.001

ISBN: 9781451857283

Keywords: Contagion, Asian Crises, Financial Markets, news, correlations, correlation, dummy variables, significance level

This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and the Philippines. Cross-country correlations among currencies and sovereign spreads are found to...

Globalization of Financial Markets and Implications for Pacific Basin Developing Countries

Globalization of Financial Markets and Implications for Pacific Basin Developing Countries »

Volume/Issue: 1991/34

Series: IMF Working Papers

Author(s): David Goldsbrough , and Ranjit Teja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1991

DOI: http://dx.doi.org/10.5089/9781451978780.001

ISBN: 9781451978780

Keywords: capital mobility, financial intermediation, financial markets, capital flows

This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying...