Podcast
Questions and Answers
What contributed to the potential instability in international capital markets as mentioned in the text?
What contributed to the potential instability in international capital markets as mentioned in the text?
- Decrease in financial products with higher risk profiles
- Globalization of financial institutions (correct)
- Higher export growth rates
- Isolation of different markets
How did current account deficits affect Southeast Asian currencies?
How did current account deficits affect Southeast Asian currencies?
- Had no impact on their value
- Weakened them due to speculative interest (correct)
- Strengthened them due to increased reserves
- Made them independent of the US dollar
Which country experienced a current account surplus in 1996 among the listed Southeast Asian countries?
Which country experienced a current account surplus in 1996 among the listed Southeast Asian countries?
- Singapore (correct)
- Philippines
- Thailand
- Malaysia
How did the slowdown in export growth impact the trade imbalances in Asian countries?
How did the slowdown in export growth impact the trade imbalances in Asian countries?
What happened to trade as a share of GDP in East Asia from 1970 to 1995?
What happened to trade as a share of GDP in East Asia from 1970 to 1995?
Which country experienced the highest export growth rate in the first quarter of 1995?
Which country experienced the highest export growth rate in the first quarter of 1995?
How did the entry of new competitors impact the ASEAN-5 countries' export growth?
How did the entry of new competitors impact the ASEAN-5 countries' export growth?
How did the recession in the Japanese economy affect the ASEAN countries' export growth?
How did the recession in the Japanese economy affect the ASEAN countries' export growth?
What was credited for giving Asian firms more flexibility than similar transactions in the United States?
What was credited for giving Asian firms more flexibility than similar transactions in the United States?
Why were East Asian countries admired prior to the recent crisis?
Why were East Asian countries admired prior to the recent crisis?
What did economists argue was the main reason behind the Asian economic miracle?
What did economists argue was the main reason behind the Asian economic miracle?
What was warned about Asian proclivity for government-directed investment and poorly regulated financial systems?
What was warned about Asian proclivity for government-directed investment and poorly regulated financial systems?
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