Sources of the Asian currency crisis

Abdul Majid, Muhd Zulkhibri and Yusoff, Mohammed (2005) Sources of the Asian currency crisis. In: Open economy macroeconomics in East Asia. Ashgate Publishing Limited, England, pp. 215-228. ISBN 9780754644002

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Abstract

This study examines the determinants of currency crises in Malaysia, Thailand,Indonesia, and the Philippines using quaterly panel data. The results indicate that reserve inadequacy, deteriorating trade balance, increases of banks'claims on private sector, and misalignment of exchange rate will increase the probalilty of a speculative attack. The results also suggest that currency crises could be contagious.

Item Type:	Book Chapter
Additional Information:	4178/28313
Uncontrolled Keywords:	Economic policy, Economic conditions, Monetary policy, Foreign exchange rates, Economic integration, Financial crises
Subjects:	H Social Sciences > HG Finance > HG3810 Foreign exchange
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Professor Mohammed Yusoff
Date Deposited:	30 May 2013 11:42
Last Modified:	09 Aug 2017 10:39
URI:	http://irep.iium.edu.my/id/eprint/28313

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