메뉴 건너뛰기




Volumn 18, Issue 4, 1999, Pages 637-657

Moral hazard, asset price bubbles, capital flows, and the East Asian crisis:: The first tests

Author keywords

Asset market bubbles; Capital flows; E44; East Asian crisis; Emerging markets; F20; F34; G1

Indexed keywords


EID: 0033173978     PISSN: 02615606     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0261-5606(99)00018-2     Document Type: Article
Times cited : (111)

References (33)
  • 1
    • 49149136203 scopus 로고
    • A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the 'business cycle'
    • Beveridge S., Nelson C.R. A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the 'business cycle'. Journal of Monetary Economics. 7:1981;151-174.
    • (1981) Journal of Monetary Economics , vol.7 , pp. 151-174
    • Beveridge, S.1    Nelson, C.R.2
  • 5
    • 0032052439 scopus 로고    scopus 로고
    • Equity and bond flows to Latin America and Asia: The role of global and country factors
    • Chuhan P., Claessens S., Mamingi N. Equity and bond flows to Latin America and Asia: the role of global and country factors. Journal of Development Economics. 55:1998;439-463.
    • (1998) Journal of Development Economics , vol.55 , pp. 439-463
    • Chuhan, P.1    Claessens, S.2    Mamingi, N.3
  • 8
    • 84936067423 scopus 로고
    • Explosive rational bubbles in stock prices?
    • Diba B.T., Grossman H.I. Explosive rational bubbles in stock prices? American Economic Review. 98:1988;746-754.
    • (1988) American Economic Review , vol.98 , pp. 746-754
    • Diba, B.T.1    Grossman, H.I.2
  • 12
    • 0000945847 scopus 로고
    • Pitfalls in testing for explosive bubbles in asset prices
    • Evans G.W. Pitfalls in testing for explosive bubbles in asset prices. American Economic Review. 81:1991;922-930.
    • (1991) American Economic Review , vol.81 , pp. 922-930
    • Evans, G.W.1
  • 13
    • 33745571161 scopus 로고
    • Collapsing exchange rate regimes: Some linear examples
    • Flood R., Garber P. Collapsing exchange rate regimes: some linear examples. Journal of International Economics. 17:1984;1-13.
    • (1984) Journal of International Economics , vol.17 , pp. 1-13
    • Flood, R.1    Garber, P.2
  • 15
    • 21844494241 scopus 로고
    • Rethinking the univariate approach to unit root testing: Using covariates to increase power
    • Hansen B.E. Rethinking the univariate approach to unit root testing: using covariates to increase power. Econometric Theory. 11:1995;1148-1171.
    • (1995) Econometric Theory , vol.11 , pp. 1148-1171
    • Hansen, B.E.1
  • 18
    • 0040366915 scopus 로고    scopus 로고
    • A Least Squares Approach to Non-Normal Disturbances
    • Department of Applied Economics, University of Cambridge
    • Im, K.S., 1996. A Least Squares Approach to Non-Normal Disturbances. Working Paper 9603, Department of Applied Economics, University of Cambridge.
    • (1996) Working Paper 9603
    • Im, K.S.1
  • 19
    • 35548931351 scopus 로고
    • Efficient tests for normality, heteroscedasticity and serial independence of regression residuals
    • Jarque C.M., Bera A. Efficient tests for normality, heteroscedasticity and serial independence of regression residuals. Economics Letters. 6:1987;255-259.
    • (1987) Economics Letters , vol.6 , pp. 255-259
    • Jarque, C.M.1    Bera, A.2
  • 22
    • 0004253434 scopus 로고    scopus 로고
    • Mimeo, Department of Economics, Massachusetts Institute of Technology
    • Krugman, P., 1998. What happened to Asia? Mimeo, Department of Economics, Massachusetts Institute of Technology.
    • (1998) What Happened to Asia?
    • Krugman, P.1
  • 23
    • 0002378331 scopus 로고
    • Critical values for cointegration tests
    • In: Engle, R.F., Granger, C.W.J. (Eds.) Oxford University Press, Oxford
    • MacKinnon, J., 1991. Critical values for cointegration tests. In: Engle, R.F., Granger, C.W.J. (Eds.), Long-Run Economic Relationships. Oxford University Press, Oxford.
    • (1991) Long-Run Economic Relationships
    • MacKinnon, J.1
  • 24
    • 0001829609 scopus 로고
    • Unobserved components in economic time series
    • In: Pesaran, M.H., Wickens, M. (Eds.) Blackwell, Oxford.
    • Maravall, A., 1995. Unobserved components in economic time series. In: Pesaran, M.H., Wickens, M. (Eds.), Handbook of Applied Econometrics: Macroeconomics. Blackwell, Oxford.
    • (1995) Handbook of Applied Econometrics: Macroeconomics
    • Maravall, A.1
  • 25
    • 0001887919 scopus 로고    scopus 로고
    • Credible liberalizations and international capital flows: The overborrowing syndrome
    • In: Ito, T., Krueger, A.O. (Eds.) Chicago University Press, Chicago
    • McKinnon, R., Pill, H., 1996. Credible liberalizations and international capital flows: the overborrowing syndrome. In: Ito, T., Krueger, A.O. (Eds.), Financial Deregulation and Integration in East Asia. Chicago University Press, Chicago.
    • (1996) Financial Deregulation and Integration in East Asia
    • McKinnon, R.1    Pill, H.2
  • 27
    • 0001054430 scopus 로고    scopus 로고
    • Models of currency crisis with self-fulfilling features
    • Obstfeld M. Models of currency crisis with self-fulfilling features. European Economic Review. 40:1996;1037-1048.
    • (1996) European Economic Review , vol.40 , pp. 1037-1048
    • Obstfeld, M.1
  • 28
    • 0009027191 scopus 로고    scopus 로고
    • The persistence of capital inflows and the behaviour of stock prices in East Asian emerging markets: Some empirical evidence
    • Sarno, L., Taylor, M.P., 1999a. The persistence of capital inflows and the behaviour of stock prices in East Asian emerging markets: some empirical evidence. Forthcoming Centre for Economic Policy Research Discussion Paper.
    • (1999) Forthcoming Centre for Economic Policy Research Discussion Paper
    • Sarno, L.1    Taylor, M.P.2
  • 29
    • 0033180570 scopus 로고    scopus 로고
    • Hot money, accounting labels and the permanence of capital flows to developing countries
    • forthcoming
    • Sarno, L., Taylor, M.P., 1999b. Hot money, accounting labels and the permanence of capital flows to developing countries. Journal of Development Economics forthcoming.
    • (1999) Journal of Development Economics
    • Sarno, L.1    Taylor, M.P.2
  • 30
    • 0032357914 scopus 로고    scopus 로고
    • Periodically collapsing stock price bubbles: A robust test
    • Taylor M.P., Peel D.A. Periodically collapsing stock price bubbles: a robust test. Economics Letters. 61:1998;221-228.
    • (1998) Economics Letters , vol.61 , pp. 221-228
    • Taylor, M.P.1    Peel, D.A.2
  • 31
    • 0031419775 scopus 로고    scopus 로고
    • Capital flows to developing countries: Long- and short-term determinants
    • Taylor M.P., Sarno L. Capital flows to developing countries: long- and short-term determinants. World Bank Economic Review. 11:1997;451-470.
    • (1997) World Bank Economic Review , vol.11 , pp. 451-470
    • Taylor, M.P.1    Sarno, L.2
  • 32
    • 0002980380 scopus 로고
    • Univariate detrending methods with stochastic trends
    • Watson M.W. Univariate detrending methods with stochastic trends. Journal of Monetary Economics. 18:1986;49-75.
    • (1986) Journal of Monetary Economics , vol.18 , pp. 49-75
    • Watson, M.W.1
  • 33
    • 0005137196 scopus 로고    scopus 로고
    • Private capital flows to developing countries: The road to financial integration
    • World Bank Oxford University Press, Oxford and New York
    • World Bank, 1997. Private capital flows to developing countries: the road to financial integration. World Bank Policy Research Report, Oxford University Press, Oxford and New York.
    • (1997) World Bank Policy Research Report


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.