TY  - BOOK
AU  - Ghosh,Atish R.
AU  - Ghosh,Swart R.
TI  - East Asia in the Aftermath: Was there a Crunch? 
T2  - IMF Working Papers; Working Paper
SN  - 1451845677 :
SN  - 1018-5941
PY  - 1999///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Banking System Liabilities
KW  - imf
KW  - Banking System
KW  - Banking
KW  - Capital Adequacy
KW  - Credit Crunch
KW  - East Asia Currency Crises
KW  - Indonesia
KW  - Korea, Republic of
KW  - Thailand
N2  - This paper uses a disequilibrium framework to investigate a possible credit crunch in the East Asian crisis countries (Indonesia, Korea, and Thailand) during 1997-98. It defines a credit crunch as a situation in which interest rates do not equilibrate supply and demand for credit and the aggregate amount is supply constrained, i.e. there is quantity rationing. In all three countries, rising real interest rates and weakening economic activity lowered credit demand and (with the exception of Indonesia in late 1997) there is little evidence of quantity rationing at the aggregate level-although individual firms may have lost access to credit
UR  - http://elibrary.imf.org/view/IMF001/01917-9781451845679/01917-9781451845679/01917-9781451845679.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451845679
ER  -