The Asian financial crisis: The role of derivative securities trading and foreign investors in Korea

2005 ◽  
Vol 24 (4) ◽  
pp. 607-630 ◽  
Author(s):  
Eric Ghysels ◽  
Junghoon Seon
Keyword(s):  
Financial Crisis ◽  
Asian Financial Crisis ◽  
Derivative Securities ◽  
Foreign Investors ◽  
Securities Trading

scholarly journals Assessing The Role of External Debt in Economic Growth of The Asean-4 Countries: An Empirical Study

2014 ◽  
Author(s):  
Siti Nurazira Mohd Daud
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Empirical Study ◽  
External Debt ◽  
Optimal Level ◽  
Asian Financial Crisis ◽  
High Accumulation

The Asian Financial Crisis in 1997 witnessed an episode of high accumulation of external debt among the crisis-hit countries, namely Indonesia, Malaysia, Philippines and Thailand. This leads to the issue of the role played by external debt in stimulating the economies of ASEAN-4 countries. This paper tries to examine the role of external debt in the economies of the ASEAN-4 countries. The results demonstrate that external debt plays a role in improving the economic growth of the ASEAN-4 countries. In addition, the accumulation of external debt is positively associated with Indonesia’s and Thailand’s economic growth up to an optimal level, beyond the optimal level the external debt has inversely contributed to the economy.   Keywords: External debt, ASEAN-4, economic growth.

scholarly journals The Role of China's Bureaucracy in its No-Devaluation Policy during the Asian Financial Crisis

2003 ◽  
Vol 4 (1) ◽  
pp. 61-76 ◽  
Author(s):  
LEONG H. LIEW
Keyword(s):  
Exchange Rate ◽  
Financial Crisis ◽  
Foreign Relations ◽  
Policy Making ◽  
Exchange Rate Regime ◽  
Asian Financial Crisis ◽  
Exchange Rate Policy ◽  
The Us ◽  
Rate Policy

Analysts have generally offered two explanations for China's no-devaluation policy during the Asian financial crisis. The first is China's good economic fundamentals and the renminbi is not fully convertible. The second is China's foreign relations' imperative. China was endeavouring to seek favourable entry conditions into the WTO and improve relations with its Asian neighbours. At the same time it sought to exploit the undercurrent of resentment in Asia towards the role played by the US during the crisis. Policy making in China has become more institutionalized in the post-Deng era, but these explanations ignore the role of China's domestic bureaucratic actors in exchange rate policy making. This paper examines the exchange rate regime preferences of China's key economic ministries and their influences in exchange rate policy making and argues that Party leaders were able to adopt a no-devaluation policy throughout the crisis because China's key economic ministries actively supported or acquiesced to that policy.

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