透過您的圖書館登入
IP:44.201.97.0
  • Journals

The Performance of East Asian Markets upon the 2008 Global Financial Tsunami: Currency Crisis and Banking Crisis

東亞八國在2008年全球性金融海嘯的表現

Abstracts


2008年全球性金融海嘯嚴重衝擊全球經濟,東亞市場亦不能倖免。由於東亞國家曾歷經1997年亞洲金融風暴的洗禮,故比較並探索這兩次金融危機的差異,仍是經濟學家所關心的議題。我們透過外匯市場及貨幣市場壓力指標的分析,發現2008年全球性金融海嘯對東亞各國金融市場的投機性炒作程度遠低於1997年的亞洲金融風暴,而對經濟體系的衝擊程度亦然。明顯地,近期金融海嘯的性質異於過去的亞洲金融風暴。最後,本文的結果也將提供各國遭逢金融危機時的參考策略及展望。

Parallel abstracts


The 2008 Global Financial Tsunami severely impacted global economies including the East Asian markets. Coming on the heels of the prolonged 1997 Asian Financial Crisis, economists are keenly interested to compare and contrast these two financial crises. An analysis of foreign exchange and money market pressure indexes indicates that the impact of the 2008 Global Financial Tsunami was far less severe than the 1997 Asian Financial Crisis. Therefore, we anticipate a speedy recovery in East Asian markets. Furthermore, speculative attacks were also less significant during the 2008 Global Financial Tsunami. It is obvious that the nature of the most recent Financial Tsunami was different from that of the Asian Financial Crisis. Our results provide a reference for nations which are going through a financial crisis.

References


Goldfajn, I. & Valdes, R. O. 1995. Balance of payments crises and capital flows: The role of liquidity, Mimeo, Massachusetts Institute of Technology
Aizenman, J.,Lee, J.(2007).International reserves: precautionary versus mercantilist views, theory and evidence.Open Economies Review.18,191-214.
Bensaid, B.,Jeanne, O.(1997).The instability of fixed exchange rate systems when raising the nominal interest rate is costly.European Economic Review.41,1461-1478.
Bird, G.,Rajan, R.(2003).Too much of a good thing? The adequacy of international reserves in the aftermath of crises.The World Economy.26,873-891.
Bordo, M.,Eichengreen, B.,Klingebiel, D.,Martinez-Peria, M. S.(2001).Is the crisisproblem growing more severe?.Economic Policy.16,53-82.

Cited by


邱旭鴻(2012)。金融海嘯對於製造業外籍勞工影響之研究〔碩士論文,國立中正大學〕。華藝線上圖書館。https://www.airitilibrary.com/Article/Detail?DocID=U0033-2110201613514429

Read-around