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Causes of the 1997 Asian Financial Crisis: What Can an Early Warning System Model Tell Us?

dc.contributor.authorJuzhong Zhuang
dc.contributor.authorMalcolm Dowling
dc.date.accessioned2015-01-24T13:13:50Z
dc.date.available2015-01-24T13:13:50Z
dc.date.issued2002-06-01
dc.identifier.issn1655-5260
dc.identifier.urihttp://hdl.handle.net/11540/1476
dc.description.abstractThis brief summarizes major findings of an empirical study that attempts to test the two hypotheses to determine what actually happened in Asia in 1997 using an early warning system (EWS) model (Zhuang and Dowling 2002). EWS models are useful in discriminating between the two hypotheses because they establish 'crisis-triggering' threshold values for economic and financial indicators using historical data. Strong warning signals of a heightened probability of a financial crisis prior to the 1997 crisis from such models would suggest that there are good reasons to believe the crisis was caused more by weak fundamentals than by investor panic.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleCauses of the 1997 Asian Financial Crisis: What Can an Early Warning System Model Tell Us?
dc.typeBriefs
dc.subject.expertProject Evaluation & Review Technique
dc.subject.expertEvaluation Strategies
dc.subject.expertEvaluation Criteria
dc.subject.expertImpact Evaluation
dc.subject.expertRisk Financing
dc.subject.expertInfrastructure Financing
dc.subject.expertFinancial Risk Management
dc.subject.expertFinancial Crisis
dc.subject.adbEnvironmental impact assessment
dc.subject.adbNeeds assessment
dc.subject.adbCost benefit analysis
dc.subject.adbCapital Needs
dc.subject.adbInsurance Companies
dc.subject.adbFinancial Emergency
dc.subject.adbProject Risks
dc.subject.adbDevelopment Banks
dc.subject.naturalEcological risk assessment
dc.subject.naturalEnvironmental impact statements
dc.subject.naturalCumulative effects assessment
dc.subject.naturalEnvironmental impact analysis
dc.subject.naturalRisk assessment
dc.subject.naturalCountry finance
dc.subject.naturalCatastrophe bonds
dc.subject.naturalInsurers
dc.title.seriesERD Policy Briefs
dc.title.volumeNo 7
dc.contributor.imprintAsian Development Bank
oar.themeEvaluation
oar.themeFinance
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic Republic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji
oar.countryKiribati
oar.countryMarshall Islands
oar.countryMicronesia, Federated States of
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryChina, People’s Republic of
oar.countryHong Kong, China
oar.countryChina, People’s Republic of
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001877
oar.authorZhuang, Juzhong
oar.authorDowling, Malcolm
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • Project, Partnership, Policy and Sector Briefs
    The Asian Development Bank publishes various briefs about its projects, partnerships, and policies in different sectors in different countries. The aim of these briefs is to inform readers about developments, thematic and sector research, economic reports, partnership updates, or policy and strategy issues in a quick-disseminating format.

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