The Derivation, Development, and Effects of Financial Reform in 10 Countries of Eastern Asia: Comparisons between Pre- and Post-Asia Financial Crisis

Abstract

The current work studies the cause, process, and effects of financial reform in 10 countries in Eastern Asia for the period of 1993–2002, especially focusing upon comparisons between pre- and post-Asia financial crisis. This study utilizes Mann–Whitney U test and Intervention Analysis to explore the different effects of the changes of GDP, stock index, exchange rate, CPI index, and the changes of the unemployment rate before and after the Asia financial crisis. It shows the consistent relationship between stock index, exchange rate, CPI index, and the changes of unemployment rate.

Citation

Lin, S.-L. (2005), "The Derivation, Development, and Effects of Financial Reform in 10 Countries of Eastern Asia: Comparisons between Pre- and Post-Asia Financial Crisis", Fetherston, T.A. and Batten, J.A. (Ed.) Asia Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century (Contemporary Studies in Economic and Financial Analysis, Vol. 86), Emerald Group Publishing Limited, Leeds, pp. 293-337. https://doi.org/10.1016/S1569-3759(05)86014-0