This paper examines the causal relationship between financial development, economic growth and financial crisis in the five Asian emerging economies (India, Indonesia, South Korea, Malaysia and Thailand) during the period 1982 to 2007. All of these countries are known as emerging economies with...

This paper examines the causal relationship between financial development, economic growth and financial crisis in the five Asian emerging economies (India, Indonesia, South Korea, Malaysia and Thailand) during the period 1982 to 2007. All of these countries are known as emerging economies with...

The most important indicator of the impact of global economic crisis is a condition of balance of payments. The economic crisis will cause foreign reserves and current account depressed. So that it can be stated that the impact of the global financial crisis is a crisis of balance of payments....