Revival of the Twin Deficits in Asian Crisis affected Countries

• Main Authors: Lau, Evan, Shazali, Abu Mansor, Puah, Chin-Hong
• 格式: E-Article
• 語言: English
• 出版: Economics Issues 2010
• 主題: HB Economic Theory; HG Finance
• 在線閱讀: http://ir.unimas.my/id/eprint/1751/1/Revival%2Bof%2Bthe%2BTwin%2BDeficits%2Bin%2BAsian%2BCrisisaffected%2BCountries%20%281%29.pdf; http://ir.unimas.my/id/eprint/1751/

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 deficit t...