The composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui. The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis 2019-02-10

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The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis ISBN 9781451873115 PDF epub

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

We use cookies to enhance your experience on our website. Capital Flow to Emerging Economies; 2. This allows to link your profile to this item. Digital Library Federation, December 2002. Using data on 3,823 firms in 24 emerging countries, we find that, on average, the decline in stock prices was more severe for firms that are intrinsically more dependent on external finance for working capital.

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The composition matters : capital inflows and liquidity crunch during a global economic crisis (eBook, 2009) [chattykids.com]

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

The Role of Pre-crisis Exposure to International Finance; Conclusion; References; Tables; 1. Role of Pre-Crisis Exposure to Capital Inflows Robusiness Checks ; 8. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. The volume of capital flows has no significant effect on the severity of the credit crunch. The volume of capital flows per se has no significant effect on the severity of the credit crunch. Interestingly, while the volume of capital flows per se has no significant effect, the composition matters a lot. March 2001 with Yi Wu: w8187 October 2000 with : w7969 August 2000 with : w7836 Published: Parsley, David C.

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Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

Frankel, editor November 1997 w6255 with Jungshik Kim: w6256 July 1997 with : w6089 Published: O'Connell, Paul G. You can change your cookie settings at any time. Similar results also hold surrounding the Lehman Brothers bankruptcy. Details: Master and use copy. Average Change of Stock Price log ; 2a. The volume of capital flows has no significant effect on the severity of the credit crunch.

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Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

Examining 3823 firms in 24 emerging countries, we find that the decline in stock prices was more severe for firms that are intrinsically more dependent on external finance for working capital. This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. Interestingly, while the volume of capital flows per se has no significant effect, the composition matters a lot. Feenstra and Shang-Jin Wei, editors with in , Robert C. Overall, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue if China's relative presence continues to rise in the regional trade.

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CiteSeerX β€” 2009): β€œThe Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis,” NBER Working Paper No

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

Such a composition of capital flows has been identified as being associated with a higher incidence of a currency crisis. Krueger, editors December 1993 w4602 Published: Growth Theories in Light of the East Asian Experience, Takatoshi Ito and Anne O. Specification and Key Variables; A. April 1993 with : w4335 Published: The Future of the Internationals Monetary System and its Institutions, Genberg, Hans, ed. July 1996 with : w5654 Published: , Vol. As the access to this document is restricted, you may want to look for a different version below or for a different version of it.

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The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

October 2004 with : w10808 Published: Amiti, Mary and Shang-Jin Wei. Frankel, editor with in , Jeffrey A. This paper studies whether the volume and composition of capital flows affect the degree of credit crunch faced by a country's manufacturing firms during the 2007-09 crisis. Real Effects of the Subprime Mortgage Crisis: Is it a Demand or a Finance Shock? The volume of capital flows has no significant effect on the severity of the credit crunch. May 1997 w6030 Published: Wei, Shang-Jin. The E-mail message field is required.

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The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

Published by Oxford University Press on behalf of The Society for Financial Studies. February 1995 with : w5032 January 1995 in , Takatoshi Ito and Anne O. . Sub-Prime Financial Crisis So Different? If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Interestingly, while the volume of capital flows per se has no significant effect, the composition matters a lot.

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The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis The Review of Financial Studies Oxford Academic Abstract This article studies whether the volume and composition of capital flows affect the degree of credit crunch during the 2007β€”2009 crisis. Role of Pre-Crisis Exposure to Capital Inflows in Emerging Economies Non-financial firms ; 10. Change in Log Banking Stock Prices vs Pre-Crisis International Bank LoansAppendix; 1. November 1991 with : w3910. This article studies whether the volume and composition of capital flows affect the degree of credit crunch during the 2007--2011 crisis.

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Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis

the composition matters capital inflows and liquidity crunch during a global economic crisis wei shang jin tong hui

What Happens During Recessions, Crunches, and Busts? The volume of capital flows has no significant effect on the severity of the credit crunch. Similar results also hold when we perform an event study surrounding the Lehman Brothers bankruptcy. Dice Center for Research in Financial Economics. Citation Wei, Shang-Jin, and Hui Tong. The Average Effect of Liquidity Crunch Across Countries; 4. January 1994 with in , Takatoshi Ito and Anne O. Cambridge: Cambridge University Press, 2005.

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