Brothers in distress: Revolving capital flows of Indonesia, Malaysia, and Thailand

被引：4
作者：
Beja, Edsel L., Jr. [1 ]
机构：
[1] Ateneo Manila Univ, Dept Econ, Quezon City 1108, Philippines
来源：
JOURNAL OF ASIAN ECONOMICS | 2007年 / 18卷 / 06期
关键词：
Capital flight; Indonesia; Malaysia; Thailand;
D O I：
10.1016/j.asieco.2007.08.005
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper examines hypothesized linkages between external borrowings and capital flights as presented in [Boyce, J. K.(1992). The revolving door? External debt and capital flight: Philippine case study. World Development, 20(3),335-349]. The results for Indonesia, Malaysia, and Thailand show that large sums of capital flowed in and out of these economies in a revolving door fashion. The findings suggest the necessity for sound domestic management as well as effective international involvement in capital flows. (C) 2007 Elsevier Inc. All rights reserved.
引用
收藏
页码：904 / 914
页数：11
相关论文
共 28 条
  • [11] Epstein G., 2003, 56 PERI U MASS
  • [12] GRIFFITHJONES S, 2001, SHORT TERM CAPITAL F
  • [13] International Monetary Fund, 2005, INT FINANCIAL STAT
  • [14] Cronyism and capital controls: evidence from Malaysia
    Johnson, S
    Mitton, T
    [J]. JOURNAL OF FINANCIAL ECONOMICS, 2003, 67 (02) : 351 - 382
  • [15] Jomo K.S., 1990, GROWTH STRUCTURAL CH
  • [16] Jomo K. S., 1998, TIGERS TROUBLE FINAN
  • [17] Kaplan E, 2001, 8142 NBER
  • [18] Khoo Boo Teik, 1995, PARADOXES MAHATHIRIS
  • [19] Lessard L., 1987, CAPITAL FLIGHT 3 WOR
  • [20] LUCAS RE, 1990, AM ECON REV, V80, P92
123