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Crises in Asia: Historical Perspectives and Implications

dc.contributor.authorKiseok Hong
dc.contributor.authorJong-Wha Lee
dc.contributor.authorHsiao Chink Tang
dc.date.accessioned2015-01-30T14:44:38Z
dc.date.available2015-01-30T14:44:38Z
dc.date.issued2009-04-01
dc.identifier.issn1655-5252
dc.identifier.urihttp://hdl.handle.net/11540/1809
dc.description.abstractThe paper analyzes the stylized features of historical crisis episodes for 21 developing Asian economies over 1961–2007. The paper finds that while there is substantial diversity, on average, recessions and financial downturns are more frequent, longer lasting, and more severe in Asia than in the Organisation for Economic Co-operation and Development countries. The paper also finds that the likelihood and severity of a recession tends to increase when it is associated with credit crunches or stock market crashes. Severe financial downturns or recessions in the global economy are often coupled with financial crises or recessions in Asia. In view of the current global crisis and severe financial downturns, Asian economies are expected to experience a severe recession in 2009
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleCrises in Asia: Historical Perspectives and Implications
dc.typeWorking Papers
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.seriesEconomics Working Papers
dc.title.volumeno 152
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.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.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001813
oar.authorHong, Kiseok
oar.authorLee, Jong-Wha
oar.authorTang, Hsiao Chink
oar.importtrue
oar.googlescholar.linkpresenttrue


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