The effect of the Asian financial crisis on the relationships among open macroeconomic factors for Asian countries

2002 ◽  
Vol 34 (4) ◽  
pp. 491-502 ◽  
Author(s):  
Chien-Chung Nieh
World Economy ◽  
2009 ◽  
Vol 32 (10) ◽  
pp. 1461-1477 ◽  
Author(s):  
Shandre M. Thangavelu ◽  
Yik Wei Yong ◽  
Aekapol Chongvilaivan

Author(s):  
Anh Thi Thuy Vo ◽  
Thuy Xuan Ha ◽  
Khanh Phan Nha Bui

In this paper, we investigate the indicators of financial crisis in Asian countries, focusing more on the impact of corporate governance. Unlike the previous studies such as Johnson et al. (2000) and Acemoglu et al. (2003) that use some fixed measures of corporate governance based on the law in force in a specific year—such as the anti-director right index (ADRI) or the anti-self dealing index (ASDI)—we employ the annual Worldwide Governance Index (WGIs) and the Quality of Governance Index. The regression results, which use the data of 19 Asian countries from 1996 to 2015, and control for country fixed effect and the business cycle, show that the macroeconomic factors appear to have no effect, or a minor effect, on currency depreciation. However, better corporate governance reduces the decline in currency value.


2011 ◽  
Vol 11 (1) ◽  
pp. 75-103 ◽  
Author(s):  
Shintaro Hamanaka

A commonplace view holds that the trend toward Asian financial regionalism is a relatively new phenomenon, developing in response to the 1997–1998 Asian financial crisis in particular. In this article I challenge this view by analyzing financial regionalist projects before the crisis. Asian countries, especially Japan, sought to establish an Asia-only financial cooperation framework throughout the 1990s. The policy stance of the United States, in contrast, was to participate in Asian forums and/or by itself propose and establish regional groupings that included the United States. This competition between Japan and the United States is a key factor in understanding the rise and fall of various regionalist projects and also has theoretical implications for membership politics in regional financial cooperation frameworks.


2016 ◽  
Vol 12 (12) ◽  
pp. 120
Author(s):  
Ri Nan

The 1997 Asian Financial Crisis brought disaster to south-eastern Asian countries. It also shocked China’s social security system. In order to build a consummate social security system, China has undergone continual reform and has achieved sound results. This article analyzes the social security for migrant workers in China, points out that there are concept reasons for the lack of labor rights and social security for the current migrant workers.


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