THE EAST ASIAN CRISIS: A DYNAMIC COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS

The paper proposes a new disequilibrium approach to modeling international capital mobility. Key to this approach are errors in investors' assessments of potential returns to capital -- such as those recently observed in Asia. We use the model to study dynamic adjustment of North American farm and food industries to a marginally deeper, longer crisis in East Asia.

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Year of publication:	1999
Authors:	Ianchovichina, Elena ; McDougall, Robert ; Hertel, Thomas W.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Capital mobility \| adaptive expectations \| East Asian crisis \| Financial Economics \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	1999 Annual meeting, August 8-11, Nashville, TN.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1999 Annual meeting, August 8-11, Nashville, TN Number 21587
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005525912