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Trade similarities and contagion among the Asian crisis economies

Version 2 2024-06-13, 10:40
Version 1 2017-07-26, 12:16
journal contribution
posted on 2024-06-13, 10:40 authored by KS Chan, CC Chao, WL Chou
This paper estimates trade similarities among the recent currency crisis economies in Asia. Direct measures of trade similarities, by the elasticities of substitution of national exports, are computed. Our finding supports the hypothesis that the Asian currency crisis (or the mechanism of competitive devaluations) spreads among economies with similar and close trade ties.

History

Journal

Journal of Asian economics

Volume

13

Pagination

271-283

Location

Amsterdam, The Netherlands

ISSN

1049-0078

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2002, Elsevier Science Inc.

Issue

2

Publisher

Elsevier Science