Detail An Empirical Analysis of The Factors Determining The Financial Crisis in Asia   Oleh:  Sung, Yeung Kwack Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Asian Economics vol. 11 no. 2 (2000), page 195-206. Topik: FINANCIAL CRISIS; financial crisis Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This article tests a hypothesis that the causes of the Asian financial crisis are weaknesses in the balance sheet of financial institutions, high international interest rates, high short - term external debts, excessive loans, and continuing large current account deficits. It also tests a hypothesis regarding the determination of non performing bank loans. Empirical tests are carried out with panel data on seven countries in Asia - Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand - for the 1995 through 1997 period. The 3 - month LIBOR interest rate and non performing loan rates of banks are found to be the major determinants of the Asian financial crisis. The nonperforming bank loan ratios are explained by the corporate leverage ratio. In addition, both the corporate high leverage ratio and LIBOR interest rates are found to significantly affect the outcome of the Asian crisis. Lowering world interest rates and taking the measures of individual Asian countries to reduce non performing assets and debt - to - equity ratios would be very effective in preventing reoccurrence of the crisis. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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