ASEAN currency crises and contagion effects

Yusoff, Mohammed and Abdul Majid, Muhamed Zulkhibri (2000) ASEAN currency crises and contagion effects. Asia Pacific Journal of Economics and Business, 4 (2). pp. 22-33. ISSN 1326-8481

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Abstract

This study examines the determinants of currency crises in ASEAN countries. The empirical results indicate that reserves inadequacy, an increase in banks' claims on the private sector, a deteriorating trade balance and misalignment of real exchange rates increase the probability of a speculative attack on a currency. The results also suggest that currency crises could be contagious.

Item Type:	Article (Journal)
Additional Information:	4178/8981
Uncontrolled Keywords:	ASEAN; Exchange Rates; Reserves; Trade
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:	19 Jul 2013 15:12
Last Modified:	19 Jul 2013 15:12
URI:	http://irep.iium.edu.my/id/eprint/8981

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