학술저널
Contagious Asian Crisis
Contagious Asian Crisis: Bank Lending and Capital Inflows
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제19권 제3호
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2004.09519 - 535 (17 pages)
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This paper presents empirical evidence that bank lending, and capital inflows can explain the severity of the Asian crisis of 1997 above and beyond macroeconomic fundamentals. We find that countries that share Japanese banks as their major lender with Thailand, the first victim in the Asian crisis, tend to experience currency crisis. We also find evidence that link short-term capital inflows to the severity of the Asian crisis.
Ⅰ. Introduction
Ⅱ. Literature
Ⅲ. Methodology
Ⅳ. Results
Ⅴ. Conclusion
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