Franklin

Currency Crisis and Contagion [electronic resource] : Evidence From Exchange Rates and Sectoral Stock Indices of the Philippines and Thailand, Nagayasu, Jun.

Author/Creator:
Nagayasu, Jun.
Publication:
Washington, D.C. : International Monetary Fund, 2000.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 00/39.
IMF Working Papers; Working Paper No. 00/39
Format/Description:
Government document
Book
1 online resource (26 p.)
Local subjects:
Asian crisis.
Asian financial crisis.
Competitiveness.
Contagion.
Crisis contagion.
Currency crises.
Currency crisis.
Currency devaluation.
Economic crisis.
Exchange rates.
Financial assets.
Financial contagion.
Financial crises.
Financial crisis.
Financial deregulation.
Financial intermediation.
Financial liberalization.
Financial market.
Financial market crisis.
Financial markets.
Financial regulations.
Financial sector.
Flexible exchange rate.
Future value.
Hedge.
Hedge funds.
Hedging.
Interest rate liberalization.
International banking facility.
International capital.
International reserves.
Nominal exchange rate.
Pre-crisis.
Present value.
Stock exchange.
Stock index.
Stock indices.
Stock price.
Stock price indices.
Stock prices.
Systemic risk.
Philippines.
Thailand.
Summary:
This paper analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral indices—including those of banking and financial sectors—seem to have caused upward pressure on exchange rates. A correlation between some of these variables is also found to be strong across countries in the crisis period, thereby confirming the importance of the linkages between financial markets as a transmission channel of the Thai crisis to the Philippines.
Notes:
Description based on print version record.
Contributor:
Nagayasu, Jun.
Other format:
Print Version:
ISBN:
1451845820:
9781451845822
ISSN:
1018-5941
Publisher Number:
10.5089/9781451845822.001
Access Restriction:
Restricted for use by site license.
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