Matches in SemOpenAlex for { <https://semopenalex.org/work/W3151299402> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W3151299402 abstract "A country's financial system is internationally illiquid if its potential short term obligations in foreign currency exceed the amount of foreign currency it can have access to in short notice. This condition may be crucial for the existence of financial crises and/or exchange rate collapses (Chang and Velasco 1998a, b). In this paper we argue that the 1997-98 crises in Asia were in fact a consequence of international illiquidity. This follows from an analysis of empirical indicators of illiquidity as well as other macroeconomic statistics. We trace the emergence of illiquidity to financial liberalization, the shortening of the foreign debt structure, and the currency denomination of assets versus liabilities. We explain how financial crises became exchange rate collapses due to a government policy of both fixing exchange rates and acting as lender of last resort. Finally, we outline the policy implications of our view for both preventing crises and dealing with them." @default.
- W3151299402 created "2021-04-13" @default.
- W3151299402 creator A5028641795 @default.
- W3151299402 creator A5067766448 @default.
- W3151299402 date "1998-01-01" @default.
- W3151299402 modified "2023-09-23" @default.
- W3151299402 title "The Asian Liquidity Crisis" @default.
- W3151299402 hasPublicationYear "1998" @default.
- W3151299402 type Work @default.
- W3151299402 sameAs 3151299402 @default.
- W3151299402 citedByCount "0" @default.
- W3151299402 crossrefType "posted-content" @default.
- W3151299402 hasAuthorship W3151299402A5028641795 @default.
- W3151299402 hasAuthorship W3151299402A5067766448 @default.
- W3151299402 hasConcept C10138342 @default.
- W3151299402 hasConcept C120527767 @default.
- W3151299402 hasConcept C139719470 @default.
- W3151299402 hasConcept C141121606 @default.
- W3151299402 hasConcept C144133560 @default.
- W3151299402 hasConcept C162324750 @default.
- W3151299402 hasConcept C165705269 @default.
- W3151299402 hasConcept C176923680 @default.
- W3151299402 hasConcept C17744445 @default.
- W3151299402 hasConcept C183582576 @default.
- W3151299402 hasConcept C18547055 @default.
- W3151299402 hasConcept C199539241 @default.
- W3151299402 hasConcept C2776671347 @default.
- W3151299402 hasConcept C2776988154 @default.
- W3151299402 hasConcept C2778300220 @default.
- W3151299402 hasConcept C2779913896 @default.
- W3151299402 hasConcept C536366893 @default.
- W3151299402 hasConcept C556758197 @default.
- W3151299402 hasConcept C73283319 @default.
- W3151299402 hasConceptScore W3151299402C10138342 @default.
- W3151299402 hasConceptScore W3151299402C120527767 @default.
- W3151299402 hasConceptScore W3151299402C139719470 @default.
- W3151299402 hasConceptScore W3151299402C141121606 @default.
- W3151299402 hasConceptScore W3151299402C144133560 @default.
- W3151299402 hasConceptScore W3151299402C162324750 @default.
- W3151299402 hasConceptScore W3151299402C165705269 @default.
- W3151299402 hasConceptScore W3151299402C176923680 @default.
- W3151299402 hasConceptScore W3151299402C17744445 @default.
- W3151299402 hasConceptScore W3151299402C183582576 @default.
- W3151299402 hasConceptScore W3151299402C18547055 @default.
- W3151299402 hasConceptScore W3151299402C199539241 @default.
- W3151299402 hasConceptScore W3151299402C2776671347 @default.
- W3151299402 hasConceptScore W3151299402C2776988154 @default.
- W3151299402 hasConceptScore W3151299402C2778300220 @default.
- W3151299402 hasConceptScore W3151299402C2779913896 @default.
- W3151299402 hasConceptScore W3151299402C536366893 @default.
- W3151299402 hasConceptScore W3151299402C556758197 @default.
- W3151299402 hasConceptScore W3151299402C73283319 @default.
- W3151299402 hasOpenAccess W3151299402 @default.
- W3151299402 hasRelatedWork W1731073020 @default.
- W3151299402 hasRelatedWork W1910493590 @default.
- W3151299402 hasRelatedWork W2023755390 @default.
- W3151299402 hasRelatedWork W2088181251 @default.
- W3151299402 hasRelatedWork W2091219512 @default.
- W3151299402 hasRelatedWork W2340776942 @default.
- W3151299402 hasRelatedWork W2486375469 @default.
- W3151299402 hasRelatedWork W2586167377 @default.
- W3151299402 hasRelatedWork W3021395533 @default.
- W3151299402 hasRelatedWork W3121311754 @default.
- W3151299402 hasRelatedWork W3121858427 @default.
- W3151299402 hasRelatedWork W3122208142 @default.
- W3151299402 hasRelatedWork W3123610750 @default.
- W3151299402 hasRelatedWork W3123939629 @default.
- W3151299402 hasRelatedWork W3124227471 @default.
- W3151299402 hasRelatedWork W3124839186 @default.
- W3151299402 hasRelatedWork W3125257712 @default.
- W3151299402 hasRelatedWork W3147959938 @default.
- W3151299402 hasRelatedWork W572704213 @default.
- W3151299402 hasRelatedWork W995407326 @default.
- W3151299402 isParatext "false" @default.
- W3151299402 isRetracted "false" @default.
- W3151299402 magId "3151299402" @default.
- W3151299402 workType "article" @default.