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The Big Split.

Author: Agnes Isnawangsih; Vladimir Klyuev; Longmei Zhang
Publisher: Washington : International Monetary Fund, 2013.
Series: IMF Working Papers.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The global financial crisis originated in advanced economies, but had a major impact on emerging markets. The impact, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and interms of output performance relative to trend. There are  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Isnawangsih, Agnes.
Big Split: Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?
Washington : International Monetary Fund, ©2013
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Agnes Isnawangsih; Vladimir Klyuev; Longmei Zhang
ISBN: 9781484392768 1484392760
OCLC Number: 867928185
Description: 1 online resource (18 pages).
Contents: Cover; The Big Split: Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?; Abstract; I. INTRODUCTION; II. THE MAGNITUDE OF EXTERNAL SHOCKS; III. STRUCTURAL CHARACTERISTICS AND TRANSMISSION OF SHOCKS; IV. POLICY RESPONSES; V. OTHER FACTORS; VI. CONCLUSION; References.
Series Title: IMF Working Papers.

Abstract:

The global financial crisis originated in advanced economies, but had a major impact on emerging markets. The impact, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and interms of output performance relative to trend. There are several main reasons for the divergence. First, trade shocks had a larger impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and.

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