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What Happened to Asian Exports During the Crisis? (EPub) High quality books

What Happened to Asian Exports During the Crisis? (EPub)
By:Mr. Antonio Spilimbergo,Rupa Duttagupta
Published on 2000-12-01 by International Monetary Fund

After the large exchange rate depreciations following the 1997 East Asian crisis, export volumes from East Asian countries responded with a notable lag. Two main explanations for this lag have been proposed: that the policy of high interest rates limited access to domestic credit and hence limited the supply of exports; and that “competitive depreciation” neutralized the effects on demand for exports. This paper considers the plausibility of these two mechanisms using a new monthly database on exports of selected industries. We find evidence that “competitive depreciation” did play a fundamental role in the propagation of the East Asian crisis through the trade channel, even at a monthly frequency.

This Book was ranked at 15 by Google Books for keyword Currency crisis.

Book ID of What Happened to Asian Exports During the Crisis? (EPub)'s Books is FmLTqRgh6yYC, Book which was written byMr. Antonio Spilimbergo,Rupa Duttaguptahave ETAG "zVT6VbRrzdw"

Book which was published by International Monetary Fund since 2000-12-01 have ISBNs, ISBN 13 Code is 9781452742106 and ISBN 10 Code is 1452742103

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