Preventing Financial Crises in East Asia

Determinants Of Financial Integration In The East Asia- Pacific Region

Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia Comment

Different from many other branches of international economics, the literature on currency attacks and financial meltdown cannot quite rely at least not for the time being on a “NeoClassical” theoretical core, that is, on a widely accepted, formally elegant paradigm linking pervasive normative implications to rigorous behavioral microfoundations. But in the absence of a “Neo-Classical” synthesis...

Banking Crises in East Asia: The Price Tag of Liberalization?

China–World Trade Organization accession agreement. The East-West Center is an education and research organization established by the U.S. Congress in 1960 to strengthen relations and understanding among the peoples and nations of Asia, the Pacific, and the United States. The Center contributes to a peaceful, prosperous, and just Asia Pacific community by serving as a vigorous hub for cooperati...

Financial Crises and Political Crises∗

The simultaneous determination of financial default and political crises is studied in an open economy model. Political crises accompany default in equilibrium because of an information transmission conflict between the government and the public. Multiple equilibria are possible: if foreign lenders are pessimistic about the country’s stability, they demand a high interest on the debt, exacerbat...

Financial Liberalization and Prudential Regulation in East Asia : Still Perverse ?

This Working Paper series presents papers in a preliminary form and serves to stimulate comment and discussion. The views expressed are entirely the author's own and not that of the Institute of Defence and Strategic Studies. The Institute of Defence and Strategic Studies (IDSS) was established in July 1996 as an autonomous research institute within the Nanyang Technological University. Its obj...