The authors propose a two-step approach for assessing the extent to which the fall in credit in crisis-stricken East Asian countries was a supply- or demand-induced phenomenon. The first step involves estimating a demand function for excess liquid assets held by commercial banks. The second step involves establishing dynamic projections for the periods after the crisis and assessing whether or not residuals are large enough to be viewed as indicators...
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INFORMATION
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2000/11/30
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Document de travail de recherche sur les politiques
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WPS2483
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1
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1
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2010/07/01
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The credit crunch in East Asia : what can bank excess liquid assets tell us ?
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liquid asset