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Currency crises and the real economy: The role of banks

  • Disyatat, Piti

In this study, a computable general equilibrium model is developed and is used as a tool for measuring and analysing structural changes in the Thai economy. The technique of historical simulation is used to trace the patterns of structural changes during 1990 to 1995. These patterns of structural changes are classified into five major factors, i.e. technology, taste, trade, investment, and general macro factors. After obtaining results of structural changes (from historical simulation), decomposition simulation is carried out to quantify the contributions of structural changes to the output growth of industries and the growth of selected macro variables.

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Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 48 (2004)
Issue (Month): 1 (February)
Pages: 75-90

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Handle: RePEc:eee:eecrev:v:48:y:2004:i:1:p:75-90
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  18. Douglas Gale & Martin Hellwig, 1985. "Incentive-Compatible Debt Contracts: The One-Period Problem," Review of Economic Studies, Oxford University Press, vol. 52(4), pages 647-663.
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