Currency Crisis in Four Asian Countries
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Sintok :
Universiti Utara Malaysia,
2017.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Contents
- List of Tables
- Preface
- Introduction
- 1 | Background to the Asian Crisis
- Causes of the Crisis
- Fundamental
- Table 1.1 Capital Flows for the Four Asian Countries (Percentage of GDP)
- Table 1.2 International Bank Lending to East Asia (in billions of US Dollars)
- Financial Sector and Other Structural Weaknesses
- External Economic Environment
- Figure 1.1 Export market growth for the four Asian countries (annual percentage change).
- Creditors' Panic/Herd Behaviour
- Contagion
- Table 1.3 Bilateral Trade Shares with Thailand (1996)
- Table 1.4 Asian Intraregional Trade (1996)
- 2 | The Four Asian Economies Before and After the Crisis
- Table 2.1 GDP Growth Rates of the Four Asian Countries (1998)
- The Four Asian Economies Before the Crisis
- Malaysia
- Thailand
- The Philippines
- Indonesia
- Impact of the Crisis on Trade
- Social Implication of the Crisis
- Table 2.2 Unemployment Rates (1997-1998)
- The Four Asian Economies after the Crisis
- Table 2.3 GDP Growth Rates (Percentage)
- 3 | Models of Currency Crisis
- Theoretical Literature
- The First Generation Model
- The Second Generation Model23
- The 'Twin Crises'
- Empirical Literature
- Indicators
- 4 | Macroeconomic Performance of the Four Asian Countries
- Current Account Imbalances
- Table 4.1 Current Account (Percentage of GDP)
- Macroeconomic Fundamentals
- The Growth Rates
- Figure 4.1 GDP growth rate (percentage).
- Total Factor Productivity
- Investment Rates
- Figure 4.2 Investment rates (percentage of GDP).
- Table 4.2 Incremental Capital Output Ratio (ICOR)
- Private and Public Savings
- Figure 4.3 Saving rates (percentage of GDP).
- Inflation Rates
- Figure 4.4 Inflation rates.
- Openness
- Table 4.3 Openness (average* exports and imports as percentage of GDP)
- Table 4.4 Export Growth Rate (1995-1996) a (percentage)
- Real Exchange Rate
- Figure 4.5 Real exchange rate.
- Political Instability and Uncertainty
- Foreign Debt Accumulation
- Table 4.5 Foreign Debt (percentage of GDP)
- Table 4.6 Short-Term Debt (1990
- 1997)
- Table 4.7 Debt Service Ratio as a Ratio of Exports (1990
- 1997)
- Table 4.8 Short Term Debt and Debt Service Plus Short Term Debt (% of Foreign Reserves)
- 5 | Income and Price Elasticity of Exports and Imports
- Studies on Income and Price Elasticities
- Analytical Framework
- Long-Run Export and Import Equations
- List of Variables
- Cointegration Test
- Long-Run Exports Demand
- Long-Run Imports Demand
- Data Analysis
- Table 5.1 The DF/ADF Test for Unit Roots (Exports)
- Table 5.2 The DF/ADF Test for Unit Roots (Imports)
- Results of Analysis
- Table 5.3 ADF Residual-based Test for Cointegration: The Long- Run Export Equations
- Table 5.4 ADF Residual-based Test for Cointegration: The Long- Run Import Equations
- The Dynamic Ordinary Least Square (DOLS)