The spread of international financial shocks to Asean countries

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Auteur
Date

2009

Discipline
Type de document
Périmètre
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Source

HAL SHS (Sciences de l’Homme et de la Société)

Collection

Archives ouvertes

Organisation

Centre pour la communication scientifique directe

Licence

info:eu-repo/semantics/OpenAccess

Mots-clés En

Asean countries international financial fluctuations macroeconomic impact regional integration SVAR Model

Sujets proches En

Pattern Model

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Céline Gimet, « The spread of international financial shocks to Asean countries », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.9175c2...

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Résumé En

This article focuses on the reaction of Asean economies to international financial shocks. The crises in emerging markets at the end of the last century underlined the vulnerability of emerging Asean economies to international financial fluctuations and a lack of sustainability in their exchange rate regime. A Structural VAR model is used to analyze the efficiency of the measures adopted by these countries, after this crisis episode, to protect their economies against speculative attacks. The results reveal that the impact of the current subprime crisis on emerging Asean countries is less significant than that observed in industrialized ones.

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