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Journal articles on the topic 'Currency crisis 1997'

Author: Grafiati

Published: 4 June 2021

Last updated: 1 February 2022

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1

Peie, Noraini, Saadiah Mohamed, Nur Syahirah Mohamad Yusoff, Aidaty Aqilah Joreme, and Mohd Azizam Rosli. "Can gold dinar replace fiat money as currency?" Journal of Emerging Economies and Islamic Research 5, no. 3 (2017): 63. http://dx.doi.org/10.24191/jeeir.v5i3.8831.

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Currency instability often leads to economic crisis. This can be seen in period of worldwide economic recession in 1933, Mexican Peso crisis in 1995, currency depreciation in Southeast Asia in 1997 and 1998, and the Russian Ruble crisis in 1998. These crises have led to a discourse on fiat money as a possible culprit to the crises due to its inherent promotion of speculation, debt and interest related economy. The currency crises have also resurfaced the discourse on using gold as a currency. This paper discusses the advantages of using gold dinar that enables it to be a superior currency than

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FERREIRA, AFONSO, and GIUSEPPE TULLIO. "The Brazilian Exchange Rate Crisis of January 1999." Journal of Latin American Studies 34, no. 1 (2002): 143–64. http://dx.doi.org/10.1017/s0022216x01006319.

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From the monetary reform of July 1994 until January 1999 Brazil followed the policy of pegging the new currency (the real) to the US dollar. The central rate was initially fixed at 1[ratio ]1 to the US dollar, but no fluctuation band was set and the market rate was allowed to fluctuate substantially. After a sharp appreciation of up to 15 per cent the real remained at a premium to the dollar for two years (until June 1996). In March 1995, following the Mexican crisis, the Banco Central do Brasil adopted a crawling band without preannounced depreciations. This change in policy was meant to incr

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3

Fratzscher, Marcel. "Why are currency crises contagious? A comparison of the Latin American Crisis of 1994–1995 and the Asian Crisis of 1997–1998." Weltwirtschaftliches Archiv 134, no. 4 (1998): 664–91. http://dx.doi.org/10.1007/bf02773292.

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4

Liang, Jinn-Gang, Gow-Liang Huang, Chia-Chuan Yeh, Dong-Long Lin, and Hui-Qi Zhan. "Multiple equilibria and the currency crisis: Evidence for Thailand 1997 financial crisis." Journal of Statistics and Management Systems 14, no. 3 (2011): 639–57. http://dx.doi.org/10.1080/09720510.2011.10701576.

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5

Horvath, Julius. "The May 1997 Currency Crisis in the Czech Republic." Post-Communist Economies 11, no. 3 (1999): 277–98. http://dx.doi.org/10.1080/14631379995896.

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6

Argamaya, Argamaya. "EXCHANGE RATE ECONOMICS AND MACROECONOMIC FUNDAMENTALS." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 8, no. 1 (2007): 15. http://dx.doi.org/10.23917/jep.v8i1.3934.

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Financial crises have a long history. Recently, several international crises emerged: the Mexican and Argentina currency and debt crisis of 1973-1982 and 1978-1981 respectively, the exchange rate crises following the abandonment of the European Exchange Rate Mechanism in 1992, the Tequila Effect resulting from the Mexican peso devaluation in 1992, the Asian Flu of 1997 resulting after Thailand's devaluation and the Russian Cold which arose from the collapse of the rubble in 1998. These episodes of international financial turmoil attracted worldwide attention; causes, impact and policy implicat

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Murthy, K. V. Bhanu, and Anjala Kalsie. "Measurement of International Currency Crises: A Panel Data Approach using Composite Indices." Vikalpa: The Journal for Decision Makers 38, no. 4 (2013): 13–36. http://dx.doi.org/10.1177/0256090920130402.

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The literature on crisis has often developed indices for measurement of crisis. The indices that have been developed in the earlier studies suffer from three problems: Conceptually, they include only exchange related variables and not other relevant variables that are crucial for international trade and international finance. The extant studies do not use a causal framework as a methodology for the selection of variable. Empirically, they do not use more evolved statistical tools such as Principal Component Analysis for constructing a composite index. This paper seeks to measure the internatio

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Safitri, Rina, Sugiyanto Sugiyanto, and Sri Sulistijowati Handajani. "Model Deteksi Krisis Indonesia dengan Indikator Suku Bunga Simpanan Riil." Majalah Ilmiah Bijak 16, no. 2 (2019): 93–97. http://dx.doi.org/10.31334/bijak.v16i2.510.

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The financial crisis is a condition where a country's finances experience a disruption which is characterized by a drastic increase in the inflation rate, a weakening currency exchange rate, and a decrease in other economic activities. Indonesia experienced financial crises in 1997 and 1998 which resulted in a collapse of financial conditions and national stability. Therefore, it is necessary to have a model to find out the crisis, so that efforts to recover the impact of the crisis can be done as early as possible from the model. This study aims to apply the Markov Switching Error Correction

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9

YU, LEAN, KIN KEUNG LAI, and SHOU-YANG WANG. "CURRENCY CRISIS FORECASTING WITH GENERAL REGRESSION NEURAL NETWORKS." International Journal of Information Technology & Decision Making 05, no. 03 (2006): 437–54. http://dx.doi.org/10.1142/s0219622006002040.

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The main purpose of this study is to devise a general regression neural network (GRNN)-based currency crisis forecasting model for Southeast Asian economies based upon the disastrous 1997–1998 currency crisis experience. For this some typical indicators of currency exchange rates volatility are first chosen, then these indicators are input into GRNN for training, and finally the trained GRNN is used for future crisis prediction. To verify the effectiveness of the proposed currency crisis forecasting approach, four typical Southeast Asian currencies, Indonesian rupiah, Philippine peso, Singapor

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10

Zhang, Zhaohui, and Khondkar E. Karim. "Is Too-Big-To-Fail Policy Effective for US Banks in an International Currency Crisis?" Review of Pacific Basin Financial Markets and Policies 07, no. 03 (2004): 311–33. http://dx.doi.org/10.1142/s0219091504000196.

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This study investigates the current role of the US "too-big-to-fail" (TBTF) policy for US banks in an international currency crisis in late 1997. It has been documented (Zhang, 2001) that the International Monetary Fund (IMF) term loan announcements concerning South Korea in late 1997 significantly increased the implicit value of the US bank loans and investments to South Korea and hence, the equity values of its US bank creditors. Using the market model, this paper examines the potential abnormal performance of the TBTF banks and the non-TBTF banks from different perspectives during mid-Novem

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11

Bratsiotis, George J., and Wayne Robinson. "Currency composition of debt, risk premia and the 1997 Korean crisis." Economic Modelling 22, no. 3 (2005): 459–71. http://dx.doi.org/10.1016/j.econmod.2004.06.006.

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12

Wu, Chunchi, Chun-nan Chen, and Yan He. "The Performance of East Asian Economies and Financial Markets since the 1997 Financial Crisis." Review of Pacific Basin Financial Markets and Policies 06, no. 02 (2003): 113–40. http://dx.doi.org/10.1142/s021909150300102x.

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This paper documents the economic and financial recovery of East Asia based on its real GDP, export, currency value and stock performance since the 1997 financial crisis. A macroeconomic model is used to estimate the chain effect of international trade on Asian recovery. It is found that the U.S. economy had a significant impact on the recovery of this region through close international trade relationship. Two major factors appear to explain the recent rapid recovery: (1) strong U.S. economic growth and currency value, and (2) the current account surplus and net inflow in foreign direct invest

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13

Park, Daekeun. "In Search for a Measure of Currency Misalignment: the Case of the 1997 Asian Currency Crisis." East Asian Economic Review 4, no. 1 (2000): 33–61. http://dx.doi.org/10.11644/kiep.jeai.2000.4.1.59.

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14

Yoon, Deok Ryong. "The Korean Economic Adjustment to the World Financial Crisis." Asian Economic Papers 10, no. 1 (2011): 106–27. http://dx.doi.org/10.1162/asep_a_00058.

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The global financial crisis hit the Korean economy in two ways. First, the sudden reversal of capital flow dried up the domestic and international liquidity. Second, the global contraction of demand reduced Korea's export by over 40 percent in the fourth quarter of 2008. Consequently, the Korean currency depreciated sharply and the economic growth rate fell drastically. Even though Korea could not prevent the 2008 crisis, it was the first OECD country to escape the negative economic growth zone, possibly because of three reasons. First, Korea might have had better initial conditions than other

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15

Wu, Rong-I. "Taiwan's Role in the Asian Financial Crisis." Review of Pacific Basin Financial Markets and Policies 01, no. 04 (1998): 529–44. http://dx.doi.org/10.1142/s0219091598000314.

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The depth of the 1997 Asian financial crisis has taken the world by surprise. Almost all major East Asian economies had experienced significant falls both in currency and share price. Some countries have been left with tremendous economic difficulties after their currencies were severely battered. Taiwan has emerged from the crisis as a stabilizing force in the region with its economy comparatively unscathed. This paper discusses the performance of Taiwan's economy throughout the crisis by looking at several factors underlying the financial turmoil. Meanwhile, it gives evidence to support the

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16

Cho, Jin-Wan, AiLian Bian, and Kyung-In Park. "Currency Crises and Exchange Rate Exposure." Journal of Derivatives and Quantitative Studies 21, no. 1 (2013): 49–70. http://dx.doi.org/10.1108/jdqs-01-2013-b0002.

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While undergoing currency crises, countries under fixed exchange rate regime elect to adopt flexible exchange rate regime. It is generally expected that if a country launches floating exchange rate regime, the exchange rate volatility increases. Therefore, the increase in exchange rate volatility may increase exposures to currency risks at the firm level. Previous research, however, such as Bian, Park and Cho (2006) shows that right after the currency crisis of 1997~1998, currency risk exposure for Korean firms actually decreased after the government adopted flexible exchange rate regime. In t

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17

Barraclough, Simon. "The Asian currency crisis and the Australian health industry." Australian Health Review 21, no. 4 (1998): 40. http://dx.doi.org/10.1071/ah980040.

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This article identifies linkages between the Australian health industry and theglobal economy. It discusses some of the consequences of the Asian currency crisisof 1997?98 for the Australian economy and health industry, with special emphasisupon exports. Devaluation of the Australian dollar will increase the cost of mostpharmaceutical and medical imports, but may offer competitive advantages to someAustralian exporters. The nascent engagement with Asia of many health industryenterprises is likely to be stifled. It is therefore important for Australian governments,as well as the Australian heal

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18

Huikari, Sanna, Jouko Miettunen, and Marko Korhonen. "Economic crises and suicides between 1970 and 2011: time trend study in 21 developed countries." Journal of Epidemiology and Community Health 73, no. 4 (2019): 311–16. http://dx.doi.org/10.1136/jech-2018-210781.

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BackgroundExisting research on the relationship between economic recessions and suicides has almost completely concentrated on the most recent global financial crisis (2008). We provide the most comprehensive explanation to date of how different types of economic/financial crises since 1970 have affected suicides in developed countries.MethodsNegative binomial regressions were used to estimate what the suicide rates would have been during and 1 year after each crisis began in 21 Organisation for Economic Co-operation and Development countries from 1970 to 2011 if the suicide rates had followed

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19

Surapati, Putri Jasmine, Nada Nur Maulidina, Fayza Maritza Putri Agustono, and Hilda Ferira Pohan. "Comparative Analysis of President Soeharto and Kim Dae Jung's Policies in Overcoming the 1997 Economic Crisis based on Small Theory and Idiosyncratic Theory." Khazanah Sosial 3, no. 2 (2021): 74–83. http://dx.doi.org/10.15575/ks.v3i2.11503.

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The 1997 economic crisis was a situation in which the Asian economy experienced a drastic decline which was triggered by Thai finance. At that time Thailand, burdened by huge foreign debt, decided to develop the Baht currency after attacks by currency speculators on the country's foreign reserves. This monetary shift was aimed at stimulating export earnings but this strategy actually had a bad impact. This has had the effect of transmitting to several countries in other Asian regions, such as South Korea and Indonesia. In responding to the formulation of this phenomenon, South Korea and Indone

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20

Chan, Kenneth S., and Vinh Q. T. Dang. "The 1997 Asian Currency Crisis, Financial Linkages, and the Monetary Policy of Japan." Review of International Economics 20, no. 1 (2012): 1–17. http://dx.doi.org/10.1111/j.1467-9396.2011.01003.x.

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21

Chen, Nai‐fu. "The Hong Kong Currency Board During the 1997–8 Crisis: Problems and Solutions." International Review of Finance 2, no. 1‐2 (2001): 99–112. http://dx.doi.org/10.1111/1468-2443.00017_2_1-2.

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22

Aziza, Aliya Nur, Audita Fathana, and Ayun Faiza Yulianto. "Analisis Peran IMF terhadap Fenomena Inflasi tahun 1997-1998 di Negara Thailand." Nation State Journal of International Studies 2, no. 1 (2019): 25–34. http://dx.doi.org/10.24076/nsjis.2019v2i1.143.

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Monetary crisis in Asia is a condition when the huge inflation takes place in almost all of the Southeast Asia countries. Thailand become pioneer of monetary crisis in Asia. The value of the country's currency in Thailand fell due to the government decision in adopting managed-float exchange policy of Baht currency to the Dollar America. This led the government to take the decision for seeking a help from IMF in order to recover their economic stability. However, this attempt became more complicated as a consequence of IMF regulation. IMF could not provide a solution to recover economic crisis

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23

Ha, In-Bong, Bong-Soo Lee, and Chongcheul Cheong. "What Caused the Korean Currency Crisis in 1997?: Weak Fundamentals or Self-fulfilling Expectations*." Asian Economic Journal 21, no. 2 (2007): 195–206. http://dx.doi.org/10.1111/j.1467-8381.2007.00254.x.

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24

Durham, Frank D. "Framing the State in Globalization:The Financial Times’ Coverage of the 1997 Thai Currency Crisis." Critical Studies in Media Communication 24, no. 1 (2007): 57–76. http://dx.doi.org/10.1080/07393180701214538.

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25

Sucahyo, Bambang. "ANALISIS POTENSI KEBANGKRUTAN KEUANGAN PERUSAHAAN MAKANAN DAN MINUMAN YANG LISTED DI PT. BURSA EFEK JAKARTA." EKUITAS (Jurnal Ekonomi dan Keuangan) 7, no. 4 (2016): 472. http://dx.doi.org/10.24034/j25485024.y2003.v7.i4.1991.

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The economic crisis since mid 1997 has internally affected the performance of manufacture companies. Short term foreign loans in foreign currency that can be prolonged have increased the demand for foreign currency especially the US dollar, and has resulted a depreciation of rupiah value more than 80%. This further yielded the peiformance failure and financial bangkruptcy potentials.This study aimed at testing the usage offinancial ratios to determine whether a company belongs to the financial bangkruptcy potential group or otherwise. Further-more, considering tehe supposedly different conditi

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Sucahyo, Bambang. "ANALISIS POTENSI KEBANGKRUTAN KEUANGAN PERUSAHAAN MAKANAN DAN MINUMAN YANG LISTED DI PT. BURSA EFEK JAKARTA." EKUITAS (Jurnal Ekonomi dan Keuangan) 7, no. 4 (2018): 472–97. http://dx.doi.org/10.24034/j25485024.y2003.v7.i4.365.

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The economic crisis since mid 1997 has internally affected the performance of manufacture companies. Short term foreign loans in foreign currency that can be prolonged have increased the demand for foreign currency especially the US dollar, and has resulted a depreciation of rupiah value more than 80%. This further yielded the performance failure and financial bangkruptcy potentials.This study aimed at testing the usage offinancial ratios to determine whether a company belongs to the financial bangkruptcy potential group or otherwise. Further-more, considering tehe supposedly different conditi

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27

Meilani, Difana, and Ivan Richardo. "Currency Exchange Rate Forecasting Using Artificial Neural Networks Backpropagation Method." International Journal of Green Computing 3, no. 2 (2012): 14–33. http://dx.doi.org/10.4018/jgc.2012070102.

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Since 1997, the rupiah currency has a tendency to change at any time since the economic crisis that hit Indonesia. One of the most widely traded currencies in the international exchange market is the U.S. dollar. This paper forecasts the exchange rate by using back propagation neural networks. Variables that affecting currency exchange rates is inflation, gross national product and interest rates. After performing data processing with the help of software VB.net forecasting results and forecasting program, it is displayed online by using PHP to construct the webpage.

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Razzaghipour, Alipasha, Grant Fleming, and Richard Heaney. "Deviations and mean reversion to purchasing power parity in the Asian currency crisis of 1997." Applied Economics 33, no. 9 (2001): 1093–100. http://dx.doi.org/10.1080/00036840121709.

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Toyoshima, Yuki, and Shigeyuki Hamori. "Measuring the Time-Frequency Dynamics of Return and Volatility Connectedness in Global Crude Oil Markets." Energies 11, no. 11 (2018): 2893. http://dx.doi.org/10.3390/en11112893.

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This study analyzes return and volatility spillovers across global crude oil markets for 1 January 1991 to 27 April 2018, using an empirical technique from the time and frequency domains, and makes four key contributions. First, the spillover tables reveal that the West Texas Intermediate (WTI) futures market, which is a common indicator of crude oil indices, contributes the least to both return and volatility spillovers. Second, the results also show that the long-term factor contributes the most to returns spillover, while the short-term factor contributes the most in terms of volatility. Th

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김진호. "Systemic Risk Comparison in the Korean Bank Industry between the 1997 Korean Currency Crisis and the 2007 Global Financial Crisis." Ewha Journal of Social Sciences 2, no. 29 (2013): 203–39. http://dx.doi.org/10.16935/ejss.2013.2.29.006.

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31

Kim, Jong-Hee. "Monetary policy spillovers and currency crisis in comparative perspective: East Asia before the 1997 crisis and Eastern Europe after tapering." World Economy 40, no. 12 (2017): 2752–70. http://dx.doi.org/10.1111/twec.12484.

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32

Baharumshah, Ahmad Zubaidi, and Hooy Chee Wooi. "Exchange Rate Volatility and the Asian Financial Crisis: Evidence from South Korea and ASEAN-5." Review of Pacific Basin Financial Markets and Policies 10, no. 02 (2007): 237–64. http://dx.doi.org/10.1142/s0219091507001057.

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This paper investigates the degree of volatility and asymmetric behavior of real exchange rates in East Asian. Exponential generalized autoregressive heteroskedasticity (EGARCH) is deployed to estimate the volatility of the exchange rate returns before and after the 1997 Asian financial crisis. We found that the EGARCH (1,1) specification fits the monthly currency series of the Asian currencies well, suggesting that volatility in exchange rates is time varying and asymmetric. The results show that before the crisis, only three currencies displayed evidence of asymmetries in their conditional v

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33

SCHENK, CATHERINE. "Another Asian Financial Crisis: Monetary Links between Hong Kong and China 1945—50." Modern Asian Studies 34, no. 3 (2000): 739–64. http://dx.doi.org/10.1017/s0026749x00003826.

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At the beginning of July 1997 Thailand was forced to allow the baht to fall 20% against the $US, triggering a financial crisis across Asia. This crisis toppled governments in the region and sent out a series of shock waves that threatened prosperity in the rest of the world. The main symptom of the crisis was a profound distrust in the currencies of developing countries in Asia which precipitated repeated devaluations in the ‘miracle’ economies of Indonesia, South Korea and Malaysia. One of the results of the Asian financial crisis is renewed interest in the monetary relations of the region, a

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Sherstnev, Mikhail A. "On macroeconomic instability in commodity economy in the context of external shocks: some questions of theory and Russian experience." Theoretical and Practical Aspects of Management, no. 9 (August 24, 2020): 178–91. http://dx.doi.org/10.46486/0234-4505-2020-9-178-191.

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The actual character of the research is based on the observation that the periods of financial instability during the last decade in Russia were determined by the specific features of the post-Soviet socio-economic model and their proper understanding is required for right choice of the instruments of anti-crisis policy. Such knowledge is becoming even more important under the oil shock and COVID-19 pandemic in the first half of 2020. The purpose is to provide systemic analysis of the crisis processes in the Russian economy in 2014-2016 as the combination of several interdependent economic pro

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35

Scott, Callum. "The South-East Asia Crisis, Neural Networks and Market Behavior: An Exploratory Study." Review of Pacific Basin Financial Markets and Policies 06, no. 03 (2003): 349–79. http://dx.doi.org/10.1142/s0219091503001122.

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A model of market behavior as a learning process was explored using artificial neural networks. Market and currency data from the period before and during the South-East Asia crisis of 1997 relating to Indonesia, the Philippines, Malaysia, Thailand, Australia, and New Zealand was used to train neural networks. Time series of changes in neural networks' connection weights were generated whilst making a series of forecasts over time. Changes in connection weights captured the changing importance of these Asian markets to those of Australia and New Zealand as the crisis unfolded, and could be reg

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36

Grimes, William W. "East Asian Financial Regionalism in Support of the Global Financial Architecture? The Political Economy of Regional Nesting." Journal of East Asian Studies 6, no. 3 (2006): 353–80. http://dx.doi.org/10.1017/s1598240800004628.

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East Asian financial regionalism has advanced significantly since the rejection of Japan's Asian Monetary Fund proposal in 1997. Key ASEAN+3 initiatives include the Chiang Mai Initiative, which is designed to provide emergency liquidity to economies experiencing currency crisis, and the Asian Bond Market Initiative, which seeks to develop regional bond markets. Surprisingly, these initiatives—despite the assertive “regionalist” rhetoric that has surrounded them and their intellectual origins in the analysis of the 1997–1998 Asian financial crisis—are explicitly designed to complement existing

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37

SOO, SIEW-CHOO, and CHEE-KEONG CHOONG. "AN EMERGENCE OF A COMMON CURRENCY AREA IN THE SELECTED EAST ASIAN ECONOMIES: A REVISIT." Singapore Economic Review 55, no. 02 (2010): 353–76. http://dx.doi.org/10.1142/s0217590810003778.

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The study attempts to re-investigate the possibility of emergence of a single currency area in East Asian (EA) countries by comparing both pre- and post-financial crisis periods. Using variance decomposition and impulse analyses, we investigated whether the selected EA economies — Hong Kong, Indonesia, Korea, Malaysia, the Philippines, and Singapore — are heavily segmented or instead integrated by focusing on the three different shocks, namely global-, regional-, and country-specific shocks. This paper finds that most economies could be described as heavily segmented, especially during the pre

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Pisany, Paweł. "Wsparcie rozwoju rynku obligacji korporacyjnych w wybranych gospodarkach azjatyckich po 1997 roku." Ekonomia 26, no. 2 (2020): 87–101. http://dx.doi.org/10.19195/2658-1310.26.2.5.

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The article contains an analysis of the initiatives aimed at supporting the development of the corporate bonds market in three Asian economies: South Korea, Malaysia, and Thailand. These countries, after difficult experiences from the 1997 crisis, undertook initiatives focused on the development of domestic debt financial markets, mainly corporate bonds denominated in local currency. Case studies of three Asian economies show that the sustainable development of domestic debt markets can be fostered, among others, by: a high level of creditor rights protection, increased market access for insti

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Machfoedz, Mochammad Maksum. "Shifting From Dichotomy to Dualism: The Way to Survive the Indonesia’s Economy." KnE Life Sciences 3, no. 3 (2016): 61. http://dx.doi.org/10.18502/kls.v3i3.389.

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<p>The Indonesia financial crisis in 1997 was an event waiting to happen very long before being precipitated by the Asian crisis. Such a collapse has its root in a development model imposed by a monolithically authoritarian government basically rooted on the topdown development model, the import-based industrial development, and the non-agro industrialization. Any policy measures, monetary-fiscal-trade policies, adopted by the government were generally in favor of import-based industry, IBI, but at the expense of agricultural and local-based economy. Based on an approximately the same sc

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Grimes, William W., and William N. Kring. "Institutionalizing Financial Cooperation in East Asia." Global Governance: A Review of Multilateralism and International Organizations 26, no. 3 (2020): 428–48. http://dx.doi.org/10.1163/19426720-02603005.

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Abstract Since the 1997 Asian financial crisis, East Asia’s ASEAN+3 states have built the second-largest regional emergency liquidity fund in the world, the Chiang Mai Initiative Multilateralization (CMIM). With a total commitment of $ 240 billion to aid member states facing a currency crisis, CMIM can provide more funds to members than the International Monetary Fund (IMF). Nonetheless, CMIM continues to be functionally subordinate to IMF decisions. This may now be changing following the 2011 creation of the ASEAN+3 Macroeconomic Research Office (AMRO) as a regional mechanism to manage survei

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Yamada, Hirokazu. "The Effects of R&D Expenditure and Technological Spillover on Industry Revenues in Japan." International Journal of Systems and Service-Oriented Engineering 10, no. 2 (2020): 42–69. http://dx.doi.org/10.4018/ijssoe.2020070103.

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This research analyzes the effects of research and development (R&D) activities on industries' sales based on accounting information for the Japanese manufacturing sector from 2001–2017, with the aim of accurately grasping the current situation. The analytical model is based on the traditional extended Cobb-Douglas production function. By avoiding the statistical problem of endogeneity and serial correlation, a multiple regression analysis was used to understand the statistical superiority of the effects of R&D expenditure and technological spillovers on sales figures. This study also

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CHOW, HWEE-KWAN. "SINGAPORE'S EXCHANGE RATE POLICY: SOME IMPLEMENTATION ISSUES." Singapore Economic Review 52, no. 03 (2007): 445–58. http://dx.doi.org/10.1142/s0217590807002701.

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Reflecting the small open nature of its economy, Singapore has adopted an exchange rate-centered monetary policy framework since 1981. The exchange rate regime in Singapore is an intermediate regime that follows the basket-band-crawl system. With this managed float system, the MAS has successfully deterred speculators from attacking the domestic currency for most of the past three decades. At the same time, the flexibility accorded by the managed float system aided Singapore in escaping from the 1997–1998 Asian crisis relatively unscathed. In order to advance our understanding of the hitherto

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Lee, Jooyoung. "The Dynamics of Retirement and Unretirement of Old-aged Workers: Focusing on the Effect of the 1997 Asian Currency Crisis and the Worker’s Tenure." Korean Policy Studies Review 29, no. 3 (2020): 29–62. http://dx.doi.org/10.33900/kaps.2020.29.3.2.

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Hamdar, Bassam, Tarek Saad, and Mohammad Hamdar. "Economic and Technical Modeling of the Lebanese Crypto Currency: Implication for a Digital-Lira (DL)." International Journal of Business Administration 12, no. 2 (2021): 26. http://dx.doi.org/10.5430/ijba.v12n2p26.

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Since 1997, the Lebanese pound has been pegged to the U.S dollar at a fixed rate, and at every crisis, people rush to banks to convert their LBP accounts into U.S.D causing a high demand for foreign currencies. Fear and uncertainty finds its way to the market, and the general sentiment often causes various sectors of the economy to be negatively affected. Lebanon is highly dependent on the U.S.D and the LBP had slowly become nothing but a symbol of independence and a heritage that tells the story of “Lebanon”. This paper will examine the century’s most aspiring technology to see how it can be

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Low, Rudy, John Luk, Geoffrey Lieu, and Richard L. Priem. "Hopewell Holdings Limited." Asian Case Research Journal 05, no. 01 (2001): 71–96. http://dx.doi.org/10.1142/s0218927501000068.

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HHL was listed on the Hong Kong stock exchange in 1972. During the first twelve years, chairperson and managing director Sir Gordon Wu focused on property development in the local market. In the early 1980s, Wu saw great potential in the infrastructure development markets of the Asia-Pacific Region's developing economies. He left the highly profitable property development market in Hong Kong and, over the next twelve years, led HHL to undertake highway and electricity-generation projects throughout the Asia-Pacific region. HHL undertook these projects on a Build-Operate-Transfer (BOT) basis. M

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Li, Kun. "Weakness in HK Currency Board System and Trading Opportunities in Betting A De-Peg of the Hong Kong Dollar." International Finance and Banking 4, no. 1 (2017): 95. http://dx.doi.org/10.5296/ifb.v4i1.10969.

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Hong Kong (HK) adopted the Linked Exchange Rate (LER) system in 1983, and it has been operating successfully for more than three decades. However, the maintenance costs for the LER system have grown exorbitantly and could outpace the costs of an exit, especially under the combined influence of a slow-down of the Chinese economy and a possible interest rate hike in the U.S. The HK government currently holds much more foreign reserves than it did preceding the 1997 Asian Financial Crisis. The HK government is also facing political unrest and growing anger of low income residents towards wealth i

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Mohana Rao, Balaga, and Puja Padhi. "Identifying the Early Warnings of Currency Crisis in India." Foreign Trade Review 54, no. 4 (2019): 269–99. http://dx.doi.org/10.1177/0015732519874206.

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We empirically investigate the recent history of currency crises (stress periods) and the factors influencing their likelihood in India. This study aims at constructing an early warning system (EWS) to forecast the possibility of an imminent crisis in the crisis window of 12 months by employing signal extraction methodology and logistic regression model for the period 1986–2015. Among the 22 identified crisis months (stress periods), only early episodes (1990–1991) were followed by a devaluation and not the later periods (post 1991). Both signal extraction methodology and logistic regression m

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Jeelani, Saidia, Joity Tomar, Tapas Das, and Seshanwita Das. "Testing Structural Break in the Relationship Between Exchange Rate and Macroeconomic Variables." Vision: The Journal of Business Perspective 23, no. 4 (2019): 442–53. http://dx.doi.org/10.1177/0972262919850933.

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The article aims to study the relationship between those macroeconomic factors that the affect (INR/USD) exchange rate (ER). Time series data of 40 years on ER, GDP, inflation, interest rate (IR), FDI, money supply, trade balance (TB) and terms of trade (ToT) have been collected from the RBI website. The considered model has suggested that only inflation, TB and ToT have influenced the ER significantly during the study period. Other macroeconomic variables such as GDP, FDI and IR have not significantly influenced the ER during the study period. The model is robust and does not suffer from resi

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Scholer-Iordanashvili, Lela. "THE ROLE OF DERIVATIVE INSTRUMENTS IN FINANCIAL STABILITY." Globalization and Business 4, no. 8 (2019): 130–35. http://dx.doi.org/10.35945/gb.2019.08.017.

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Globalization offers new challenges to the world economy, which becomes more depended on unprecedented in- crease of financial activity worldwide. Availability of information and development of technologies significantly increased capital flow in the world and role of capital and monetary markets in economy. Second half of 2007 and first half of 2008 faced import- ant events in the world economy. Among them especially no- table are US real estate crisis and global limitation of credits, devaluation of USD and strengthening of inflation processes. These global events have significant influence

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Ari, Ali, and Raif Cergibozan. "A Comparison of Currency Crisis Dating Methods: Turkey 1990-2014." MONTENEGRIN JOURNAL OF ECONOMICS 12, no. 3 (2016): 19–37. http://dx.doi.org/10.14254/1800-5845.2016/12-3/2.

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