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QUESTION
Following the 1997 - 1998 monetary crises, the expected productivity of the South-East Asian capital stock declined sharply. What were the effects on...
Following the 1997 – 1998 monetary crises, the expected productivity of the South-East Asian capital stock declined sharply. What were the effects on South-East Asian investment? For each of the following three cases, derive the expected effects on South- East Asian and U.S. interest rate, saving, investment, and current account balance: A.
