How Long to Read Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press)

How Long Does it Take to Read Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press)?

It takes the average reader 1 hour and 44 minutes to read Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press) by Nor ‘Aznin Abu Bakar

Assuming a reading speed of 250 words per minute. Learn more

Description

The book deals with the 1997 Asian currency crisis and analyses the causes and consequences of the crisis. The two hypotheses, fundamental and panic/herd behaviour hypotheses, which are often viewed as competing, are also examined. The first hypothesis states that fundamental imbalances triggered the Asian currency and financial crisis in 1997. The crisis occurred because the economies had deteriorating current accounts, a slow down in growth rates and short-term debt approaching a dangerous level; while the second hypothesis states that sudden shifts in market expectations and confidence were the cause of the initial financial turmoil. When the crisis erupted, it caused panic among domestic and foreign investors. The main focus of this book is to evaluate these two approaches and to examine whether there was evidence of insolvency prior to the crisis in four Asian countries namely Malaysia, Indonesia, Thailand and the Philippines. A solvency index, originally popularised by Cohen, is calculated for each country. An analysis of the trade sector is undertaken in which the dynamic OLS is employed. Subsequently, the price elasticities obtained from the export demand model together with the GDP supply elasticity are used to calculate the index. From the analysis, it appears that all countries were solvent prior to the crisis where the percentage of actual debt service paid (in 1997) was greater than the percentage that must be paid to be solvent. This suggests that further external credit could have solved the problem, as it was a matter of short-term liquidity difficulties and panic, rather than insolvency.

How long is Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press)?

Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press) by Nor ‘Aznin Abu Bakar is 103 pages long, and a total of 26,059 words.

This makes it 35% the length of the average book. It also has 32% more words than the average book.

How Long Does it Take to Read Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press) Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 22 minutes to read Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press) aloud.

What Reading Level is Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press)?

Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press) is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press)?

Currency Crisis in Four Asian Countries: The Insolvency Model Approach (UUM Press) by Nor ‘Aznin Abu Bakar is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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