The Credit Crunch in East Asia

The Credit Crunch in East Asia

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A two-step approach is used to assess the extent to which the credit crunch in East Asia was supply- or demand-driven. The results for Thailand suggest that the contraction in bank lending that accompanied the crisis was the result of supply factors.... of Reserves and Bank Credit: A Case Study of Turkey, aquot; Bulletin of Economic Research, 47 (January 1995), 55-76. Doan, Thomas, Rats: Usera#39;s Manual, Version 4-0, Estima (Evanston, 111.: 1996). Dollar, David, and Mary Hallward- Driemeier, anbsp;...

Title:The Credit Crunch in East Asia
Author:Pierre-Richard Agénor, Joshua Aizenman, Alexander W. Hoffmaister
Publisher:World Bank Publications - 2000


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