Weathering the Asian Crisis: the role of China
Yang, Yongzheng; Tyers, Rod; Yang, Yongzheng; Tyers, Rod
Description
During the Asian crisis, China's healthy reserves and low debt made possible the avoidance of a 'country run'. Nonetheless, it did experience an apparently autonomous rise in private savings and a rise in capital outflow. This paper employs global general equilibrium analysis to examine the relative contributions of external and internal shocks in China during the crisis. The savings rise appears to have been dominant domestically and, by coincidence of timing, it was a significant contributor...[Show more]
Collections | ANU Research Publications |
---|---|
Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/1885/40358 |
Source: | Pacific Economic Papers |
Access Rights: | Open Access |
Download
File | Description | Size | Format | Image |
---|---|---|---|---|
cep00-1.pdf | 122.7 kB | Adobe PDF | ![]() |
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.
Updated: 19 May 2020/ Responsible Officer: University Librarian/ Page Contact: Library Systems & Web Coordinator