Determination of Factors Affecting the South East Asian Crisis of 1997 Probit-Logit Panel Regression
- 1 January 2019
- book chapter
- other
- Published by IGI Global
Abstract
The economic crisis is an important event that hurts societies. Communication between the market and the authorities is an important factor in economic crisis situations. Because if the communication is established in a healthy way, economic crises in the future may not be repeated. In this context, the chapter deals with the economic crisis of 1997 in the Asian region as part of crisis communication. In the study conducted with Logit method, data belonging to the period 1975-2006 were used. In addition, the variables used frequently in the literature were considered as data set indicators. The results indicate that economic growth, financial credit, and money supply are important indicators affecting the crisis. Indeed, the emergence of the crisis with these variables reveals that there was a communication problem in the Asian region. Considering this experience, it has been suggested that Asia and other countries should care about the communication tools.Keywords
This publication has 40 references indexed in Scilit:
- Nontraditional banking activities and bank failures during the financial crisisJournal of Financial Intermediation, 2013
- Exchange rate regime choice and currency crisesEconomics Systems, 2011
- ECONOMIC POLICY AND THE FINANCIAL CRISIS: AN EMPIRICAL ANALYSIS OF WHAT WENT WRONGCritical Review, 2009
- Impacts of flexible exchange rates and government debt on outputJournal of the Asia Pacific Economy, 2004
- Stock market integration and financial crises: the case of AsiaApplied Financial Economics, 2003
- The Unorthodox Origins of the Asian Currency Crisis: Evidence from Logit EstimationASEAN Economic Bulletin, 2000
- ASEAN and the Asian crisis: theoretical implications and practical consequences for Southeast Asian regionalismThe Pacific Review, 2000
- Bankruptcy Prediction: Evidence from Korean Listed Companies during the IMF CrisisJournal of International Financial Management & Accounting, 2000
- Differences between the financial characteristics of interest‐free banks and conventional banksEuropean Business Review, 1997
- Bank Runs, Deposit Insurance, and LiquidityJournal of Political Economy, 1983