The Credit Crunch in East Asia : What Can Bank Excess Liquid Assets Tell Us?

The authors propose a two-step approach for assessing the extent to which the fall in credit in crisis-stricken East Asian countries was a supply- or demand-induced phenomenon. The first step involves estimating a demand function for excess liquid...

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Bibliographic Details
Main Authors:	Agenor, Pierre-Richard, Aizenman, Joshua, Hoffmaister, Alexander
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE DEMAND ASSETS AUTOREGRESSION BALANCE SHEET BANK CREDIT BANK DEPOSITS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK LOANS BANK OF THAILAND BANKING SYSTEM BENCHMARK BONDS BOOK VALUE BORROWING CAPITAL MARKETS CENTRAL BANK COMMERCIAL BANKS CONCEPTUAL FRAMEWORK CONTAGION CORPORATE GOVERNANCE CREDIT MARKETS CREDIT RATIONING DEBT DEVALUATION DISCOUNT RATE ECONOMIC RESEARCH ECONOMIC TIME SERIES ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY ELASTICITY OF SUPPLY EMERGING MARKET ECONOMIES EQUILIBRIUM EXCESS LIQUIDITY EXCHANGE RATE EXPECTED VALUE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL REFORM FINANCIAL SECTOR FISCAL POLICIES FORECASTS ILLIQUIDITY INCOME INFLATION INTEREST RATE INTEREST RATES INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL MONETARY FUND LENDING RATES LIQUID ASSETS LIQUIDITY LIQUIDITY COSTS
Online Access:	http://hdl.handle.net/10986/19759

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http://hdl.handle.net/10986/19759

The Credit Crunch in East Asia : What Can Bank Excess Liquid Assets Tell Us?

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