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  1. Crises in Asia
    historical perspectives and implications
    Published: 2009
    Publisher:  Asian Development Bank, Manila, Philippines

    The paper analyzes the stylized features of historical crisis episodes for 21 developing Asian economies over 1961–2007. The paper finds that while there is substantial diversity, on average, recessions and financial downturns are more frequent,... more

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 496 (152)
    No inter-library loan

     

    The paper analyzes the stylized features of historical crisis episodes for 21 developing Asian economies over 1961–2007. The paper finds that while there is substantial diversity, on average, recessions and financial downturns are more frequent, longer lasting, and more severe in Asia than in the Organisation for Economic Co-operation and Development countries. The paper also finds that the likelihood and severity of a recession tends to increase when it is associated with credit crunches or stock market crashes. Severe financial downturns or recessions in the global economy are often coupled with financial crises or recessions in Asia. In view of the current global crisis and severe financial downturns, Asian economies are expected to experience a severe recession in 2009.

     

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/109344
    hdl: 11540/1809
    Series: ADB economics working paper series / Asian Development Bank ; 152
    Subjects: Wirtschaftskrise; Wirtschaftsgeschichte; Asien; Recession; Financial Crisis; Credit Crunch; Asia
    Scope: Online-Ressource (33 S., 640 KB)
  2. "Red Star Spangled Banner" scrutinizing the root causes of financial crisis
    Published: 2009
    Publisher:  Univ., Jena

    In this article we inquire into the root causes of the present financial crisis by drawing on a Heckscher-Ohlin-Samuelson trade model. At the origin of the current crisis are global imbalances originating from distortions in relative prices. Due to... more

    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
    eBook
    No inter-library loan
    Thüringer Universitäts- und Landesbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 447 (5)
    No inter-library loan

     

    In this article we inquire into the root causes of the present financial crisis by drawing on a Heckscher-Ohlin-Samuelson trade model. At the origin of the current crisis are global imbalances originating from distortions in relative prices. Due to impasses in international production, financial repression in countries that seek to suppress real appreciation has resulted in excessive capital-intensive production and an expansion of financial service sectors in flexible market economies. Moreover, financial globalization has been a vehicle for exporting real appreciation pressures from catching-up economies to mature economies, thus aggravating global imbalances.

     

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/94460
    Series: Global financial markets ; 05
    Subjects: Financial Crisis; Financial Repression; Heckscher-Ohlin-Samuelson Model
    Scope: Online-Ressource (PDF-Datei: 23 S., 0,22 MB)