Detail A Structural VAR of Currency Crisis Economies under Credit Constraints (For Presentation at the Fifth Annual Seminar University of Indonesia, Jakarta, 2-3 December 2008) Bibliografi Author: Lestano ; Sterken, Elmer Topik: Credit Constraints; Currency Crises; Structural VAR Bahasa: (EN )     Penerbit: Unika Atma Jaya     Tempat Terbit: Jakarta    Tahun Terbit: 2008     Jenis: Papers/Makalah - pada seminar lokal/institusi Fulltext: A Structural of Currency Crisis Economies under Credit Constraints.pdf (737.97KB; 17 download) Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR-2853 Non-tandon: tidak ada Tandon: 1  Lihat Detail Induk Abstract We model the transmission of currency crises onto the domestic economic development of Indonesia, Malaysia, the Philippines, and Thailand. We use a Struc¬tural VAR (SVAR), based on a theoretical model stressing credit constraints. We present two approaches to identify the parameters of the model: (1) with short-run constraints, like price stickiness, and (2) with long-run restrictions, like uncovered interest parity and the quantity theory of money. We show that the impact of domestic interest rate shocks resulting from currency crises is larger than the im¬pact of exchange rate shocks. Especially Indonesia seems to suffer from the credit channel of a currency crisis. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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