Series: IMF Working Papers
Author(s): Joshua Greene
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2002
Keywords: output decline, asian crisis, balance sheet, private capital, private capital flows, private investment, capital flows, capital inflows, Macroeconomics: Production, Macroeconomics: Consumption
This paper examines whether capital outflows may have contributed to output declines during the Asian Crisis by reducing the financing available for domestic investment. Panel data regressions suggest a positive, s...