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SCOPUS 학술저널

Contagious Asian Crisis

Contagious Asian Crisis: Bank Lending and Capital Inflows

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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