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Using a new dataset of Thai financial institutions, this paper analyzes the dynamics ofproductivity over the past decade (1989–1998), including the impact of the financialcrisis of recent history. We find productivity increased substantially in the wake ofThailand's financial liberalization...
This paper shows that increasing the rate of monetary growth increases thecapital-labor ratio in the long run when the initial inflation rate is low butdecreases the capital-labor ratio when the inflation rate is high. This paperprovides a theoretical justification for the empirical result by...
The aim of this paper is to empirically estimate the firm level productive capacityrealization (PCR) by using the stochastic coefficient frontier production function.Empirical estimations have been done using firm level data from Bangladesh foodmanufacturing covering the inter-temporal periods...
This paper provides a theoretical justification for regional credit facilities such ascurrency swap arrangements in East Asia to ward off currency attacks and deter would bespeculators. It also presents a case for monetary integration in East Asia. However, inview of the diverse economic, social...
This paper investigates the degree of exchange rate pass-through for the selectedAsian countries namely Malaysia, Thailand, Taiwan, and Singapore. Unlike past studies,this paper focuses on small open economies and includes exports of primary commodities inthe investigation. We utilize...
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