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Book Cover
Author Greene, Joshua E.

Title The output decline in Asian crisis countries : investment aspects / Joshua E. Greene
Published [Washington, D.C.] : International Monetary Fund, [2002]
Online access available from:
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Description 1 online resource (23 pages)
Series IMF working paper ; WP/02/25
IMF working paper ; WP/02/25
Summary This paper examines whether capital outflows may have contributed to output declines during the Asian Crisis by reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship between net capital inflows and investment during the period before 1997 in five Asian countries once real net capital flows are netted out from real flows of private bank credit. In addition, net real private inflows and real private investment appear to have been cointegrated in at least three of these countries, suggesting a long-term relationship as well
Notes "February 2002"--Page [1]
At head of title: IMF Institute
Cover title
Bibliography Includes bibliographical references (pages 22-23)
Notes Print version record
Subject Bank loans -- Asia.
Capital movements -- Asia.
Industrial productivity -- Asia -- Effect of financial crises on
Investments, Foreign -- Asia -- Effect of financial crises on
Form Electronic book
Author IMF Institute.
International Monetary Fund.
ISBN 1281605670