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...

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Bibliografiske detaljer
Hovedforfatter: Ghosh, Atish
Andre forfattere: Ghosh, Swart
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1999.
Serier:IMF Working Papers; Working Paper ; No. 1999/038
Online adgang:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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, id est 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. 
538 |a Mode of access: Internet 
700 1 |a Ghosh, Swart. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/038 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/038/001.1999.issue-038-en.xml  |z IMF e-Library