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Contagion, Monsoons, and Domestic Turmoil in Indonesia
By:Ms. Sweta Chaman Saxena,Ms. Valerie Cerra
Published on 2000-03-01 by International Monetary Fund

This paper investigates whether Indonesia’s recent currency crisis was due to domestic fundamentals, common external shocks (“monsoons”), or contagion from neighboring countries. Markov-switching models attribute speculative pressure on Indonesia’s currency to domestic political and financial factors and contagion from speculative pressures in Thailand and Korea. In particular, the results from a time-varying transition probability Markov-switching model (which overcomes some drawbacks of previous methods) show that inclusion of exchange rate pressures from Thailand and Korea in the transition probabilities improves the conditional probabilities of crisis in Indonesia. There is also evidence of contagion in the stock market.
This Book was ranked at 25 by Google Books for keyword Currency crisis.
Book ID of Contagion, Monsoons, and Domestic Turmoil in Indonesia's Books is Hb41wSY04pYC, Book which was written byMs. Sweta Chaman Saxena,Ms. Valerie Cerrahave ETAG "bVW6lod7d38"
Book which was published by International Monetary Fund since 2000-03-01 have ISBNs, ISBN 13 Code is 9781452710921 and ISBN 10 Code is 1452710929
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Book which have "26 Pages" is Printed at BOOK under CategoryBusiness and Economics
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