East Asia in the Aftermath: Was there a Crunch?
This paper uses a disequilibrium framework to investigate a possible credit crunch in the East Asian crisis countries (Indonesia, Korea, and Thailand) during 1997-98. It defines a credit crunch as a situation in which interest rates do not equilibrate supply and demand for credit and the aggregate a...
Gespeichert in:
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/38 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper uses a disequilibrium framework to investigate a possible credit crunch in the East Asian crisis countries (Indonesia, Korea, and Thailand) during 1997-98. It defines a credit crunch as a situation in which interest rates do not equilibrate supply and demand for credit and the aggregate amount is supply constrained, i.e. there is quantity rationing. In all three countries, rising real interest rates and weakening economic activity lowered credit demand and (with the exception of Indonesia in late 1997) there is little evidence of quantity rationing at the aggregate level-although individual firms may have lost access to credit |
Beschreibung: | 1 Online-Ressource (21 p) |
ISBN: | 1451845677 9781451845679 |
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spelling | Ghosh, Atish R. Verfasser aut East Asia in the Aftermath Was there a Crunch? Ghosh, Atish R Washington, D.C International Monetary Fund 1999 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/38 This paper uses a disequilibrium framework to investigate a possible credit crunch in the East Asian crisis countries (Indonesia, Korea, and Thailand) during 1997-98. It defines a credit crunch as a situation in which interest rates do not equilibrate supply and demand for credit and the aggregate amount is supply constrained, i.e. there is quantity rationing. In all three countries, rising real interest rates and weakening economic activity lowered credit demand and (with the exception of Indonesia in late 1997) there is little evidence of quantity rationing at the aggregate level-although individual firms may have lost access to credit Online-Ausg Ghosh, Swart R. Sonstige oth http://elibrary.imf.org/view/IMF001/01917-9781451845679/01917-9781451845679/01917-9781451845679.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Ghosh, Atish R. East Asia in the Aftermath Was there a Crunch? |
title | East Asia in the Aftermath Was there a Crunch? |
title_auth | East Asia in the Aftermath Was there a Crunch? |
title_exact_search | East Asia in the Aftermath Was there a Crunch? |
title_exact_search_txtP | East Asia in the Aftermath Was there a Crunch? |
title_full | East Asia in the Aftermath Was there a Crunch? Ghosh, Atish R |
title_fullStr | East Asia in the Aftermath Was there a Crunch? Ghosh, Atish R |
title_full_unstemmed | East Asia in the Aftermath Was there a Crunch? Ghosh, Atish R |
title_short | East Asia in the Aftermath |
title_sort | east asia in the aftermath was there a crunch |
title_sub | Was there a Crunch? |
url | http://elibrary.imf.org/view/IMF001/01917-9781451845679/01917-9781451845679/01917-9781451845679.xml |
work_keys_str_mv | AT ghoshatishr eastasiaintheaftermathwasthereacrunch AT ghoshswartr eastasiaintheaftermathwasthereacrunch |