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Corporate Distress in East Asia : The Effect of Currency and Interest Rate Shocks

A study of the five countries most affected by the East Asian financial crisis - Indonesia, the Republic of Korea, Malaysia, the Philippines, and Thailand -- shows that more than 60 percent of firms are illiquid and 30 percent are technically insol...

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Bibliographic Details
Main Authors: Claessens, Stijn, Djankov, Simeon, Ferri, Giovanni
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ASSETS
BALANCE SHEET
BALANCE SHEETS
BANK FOR INTERNATIONAL SETTLEMENTS
BANK LENDING
BENCHMARK
BONDS
BORROWING
CENTRAL BANK
CORPORATE DEBT
DEBT
DEBT SERVICE
DEBT TO EQUITY RATIO
DEBT TO EQUITY RATIOS
DEVALUATION
DOMESTIC DEBT
ECONOMICS
EXCHANGE RATE
EXCHANGE RATES
FINANCIAL CRISIS
FINANCIAL SECTOR
FOREIGN EXCHANGE
GDP
ILLIQUIDITY
INSOLVENCY
INSURANCE
INTEREST RATE
INTEREST RATES
LENDING RATES
LIQUIDITY
MARKET INSTRUMENTS
NONBANK FINANCIAL INSTITUTIONS
NONPERFORMING LOANS
PROFITABILITY
SOLVENCY
STOCK EXCHANGES
TREASURY BONDS
WORKING CAPITAL CURRENCY FLUCTUATION
FINANCIAL CRISES
DEBT-EQUITY RATIO
CORPORATE PERFORMANCE
CORPORATE PROFITS
GROSS DOMESTIC PRODUCT
Online Access:http://documents.worldbank.org/curated/en/1999/01/441523/corporate-distress-east-asia-effect-currency-interest-rate-shocks
http://hdl.handle.net/10986/11500

Internet

http://documents.worldbank.org/curated/en/1999/01/441523/corporate-distress-east-asia-effect-currency-interest-rate-shocks
http://hdl.handle.net/10986/11500

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