Individuals in the Japanese cultural context
In: Asia-Pacific review, Band 6, Heft 2, S. 12-23
ISSN: 1469-2937
307 Ergebnisse
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In: Asia-Pacific review, Band 6, Heft 2, S. 12-23
ISSN: 1469-2937
In: Contemporary economic policy: a journal of Western Economic Association International, Band 16, Heft 2, S. 157-172
ISSN: 1465-7287
Financial deregulation and capital‐account liberalization preceded speculative currency attacks in Thailand. A combination of de facto fixed exchange rates and high rates of interest generated excessive capital inflows, which led to too much liquidity chasing bad investments. The under‐supervised and over‐guaranteed financial sector extended loans excessively, particularly for non‐productive, speculative purposes. Non‐transparent practices, in the form of weak disclosure of institutions' true balance sheets and insider relations, masked these poor investments. The buildup of short‐term, unhedged debt left East Asian economies vulnerable to a sudden collapse of confidence. Currency attacks ran down official foreign exchange reserves. Rapid capital outflows and the consequent depreciation of currencies exacerbated the strains on private sector balance sheets. The policy lessons are to (i) use macroeconomic policy to avoid excessive capital inflows and currency overvaluation, (ii) strengthen the financial system, with proper disclosure and accounting requirements, stringent loan classification and provisioning rules, and capital adequacy requirements, prior to capital‐account liberalization, (iii) stabilize exchange rates based on currency baskets that reflect trade and investment linkages, and (iv) develop regional. financial cooperation with regional surveillance and peer pressure to maintain policy discipline.
In: Japan review of international affairs, Band 12, Heft 2, S. 143-156
ISSN: 0913-8773
In: Japanese Economic Studies, Band 23, Heft 2, S. 39-76
In: Japanese economic studies: a journal of translations, Band 23, S. 39-76
ISSN: 0021-4841
In: The developing economies: the journal of the Institute of Developing Economies, Tokyo, Japan, Band 32, Heft 4, S. 373-397
ISSN: 1746-1049
In: International migration: quarterly review, Band 31, Heft 2-3, S. 276-284
ISSN: 1468-2435
In: Families in society: the journal of contemporary human services, Band 73, Heft 3, S. 182-183
ISSN: 1945-1350
In: Journal of development economics, Band 26, Heft 1, S. 176-178
ISSN: 0304-3878
In: Journal of development economics, Band 23, Heft 2, S. 395-397
ISSN: 0304-3878
In: Behaviormetrika, Band 13, Heft 20, S. 13-21
ISSN: 1349-6964
In: Journal of international economics, Band 16, Heft 1-2, S. 155-172
ISSN: 0022-1996
In: Economica, Band 48, Heft 189, S. 45
In: Journal of educational sociology: Kyōiku-shakaigaku-kenkyū, Band 22, Heft 0, S. 97-102,en211
ISSN: 2185-0186