The purpose of this paper is to investigate whether the impact of the Japanese yen on the values of East Asian currencies has increased since the 1997 East Asian financial crisis. In particular, this paper focuses on four crisis-affected countries: Indonesia, the Republic of Korea, the...

Over the years Bangladesh has received a massive inflow of foreign capital, mostly in the form of foreign aid, which has coincided with a substantial outflow of domestic capital. This flight of domestic capital from a capital-scarce country like Bangladesh undoubtedly poses a formidable hurdle...