The Big Split : Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis? /

The global financial crisis originated in advanced economies, but had a major impact on emerging markets. The impact, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand), there were considerable differences...

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מידע ביבליוגרפי
מחבר ראשי: Isnawangsih, Agnes
מחברים אחרים: Klyuev, Vladimir, Zhang, Longmei
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2013.
סדרה:IMF Working Papers; Working Paper ; No. 2013/222
גישה מקוונת:Full text available on IMF
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100 1 |a Isnawangsih, Agnes. 
245 1 4 |a The Big Split :   |b Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis? /  |c Agnes Isnawangsih, Vladimir Klyuev, Longmei Zhang. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (17 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
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 The global financial crisis originated in advanced economies, but had a major impact on emerging markets. The impact, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of output performance relative to trend. There are several main reasons for the divergence. First, trade shocks had a larger impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand. Such factors include investment-friendly structural reforms and fortuitously timed election spending in Indonesia, as well as political instability and natural disasters in Thailand. 
538 |a Mode of access: Internet 
700 1 |a Klyuev, Vladimir. 
700 1 |a Zhang, Longmei. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/222 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/222/001.2013.issue-222-en.xml  |z IMF e-Library