Lau, E; Mansor, S Abu; Puah, C-H - In: Economic Issues Journal Articles 15 (2010) 1, pp. 29-54
This paper revisits the twin deficits argument in the Asian crisis-affected countries. We also include data from the 1997 crisis to examine the disparities in the empirical regularities governing the two deficits in these countries. Empirical results suggest that causality runs from budget...