While energy especially oil, crises and economic integration have been playing an important role indevelopment and growth in East West Asia economies and their intertwining relations, only limitedquantitative research on their impact has been carried out and reported for improved debate andcredible policy use. This paper uses an econometric modeling innovation with features superior toexisting ...

THE RECENT FINANCIAL CRISES IN EAST Asia, Russia, and elsewhere, and the earlier crisis in Mexico, have heightened interest in the subject of short-term borrowing by developing countries and the benefits and risks associated with such debt.1 This chapter examines the growth and determinants of short-term debt from international banks, the behavior of such debt during economic shocks, and its as...

Are countries with unregulated capital flows more vulnerable to currency crises? Efforts to answer this question properly must control for self-selection bias, because countries with liberalized capital accounts may also have sounder economic policies and institutions that make them less likely to experience crises. We employ a matching and propensityscore methodology to address this issue in a...

In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults, as well as outlines of the methodologies used. We analyze financial and economic circumstances associated with the US subprime mortgage crisis and the global financial turmoil that h...

A rapidly growing empirical literature is studying the causes and consequences of bank fragility in contemporary economies. The paper reviews the two basic methodologies adopted in cross-country empirical studies, the signals approach and the multivariate probability model, and their application to study the determinants of banking crises. The use of these models to provide early warnings for c...

We study the impact of economic crisis on health in Mexico. There have been four wide-scale economic crises in Mexico in the past two decades, the most recent in 1995–96. We find that mortality rates for the very young and the elderly increase or decline less rapidly in crisis years as compared with non-crisis years. In the 1995–96 crisis, mortality rates were about 5 to 7 percent higher in the...

Many emerging economies have experienced current account reversals followed by large declines in economic activity. These sudden stops are reflected in their real interest rates, which alternate between tranquil times, when the level is relatively low and stable, and crises, during which interest rates are higher and more volatile. We embed an estimated regime switching process of interest rate...