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01796cas a2200253 a 4500 |
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|c 5.00 USD
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|z 9781451860153
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|a 1018-5941
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|c BD-DhAAL
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|a Spilimbergo, Antonio.
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|a What Happened to Asian Exports During the Crisis? /
|c Antonio Spilimbergo, Rupa Duttagupta.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (31 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a After the large exchange rate depreciations following the 1997 East Asian crisis, export volumes from East Asian countries responded with a notable lag. Two main explanations for this lag have been proposed: that the policy of high interest rates limited access to domestic credit and hence limited the supply of exports; and that 'competitive depreciation' neutralized the effects on demand for exports. This paper considers the plausibility of these two mechanisms using a new monthly database on exports of selected industries. We find evidence that 'competitive depreciation' did play a fundamental role in the propagation of the East Asian crisis through the trade channel, even at a monthly frequency.
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|a Mode of access: Internet
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|a Duttagupta, Rupa.
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|a IMF Working Papers; Working Paper ;
|v No. 2000/200
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/200/001.2000.issue-200-en.xml
|z IMF e-Library
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