|
Table 6: The role of external borrowing from Europe | |||||
|
Indo |
Mal |
Phil |
Kor |
Thai | |
|
crisis(1.5 std) |
-0.05;-0.07 |
-0.05;-0.05 |
-0.05;-0.05 |
-0.05;-0.07 |
-0.05;-0.07 |
|
crisis (2 std) |
-0.05;-0.07 |
-0.05;-0.05 |
-0.05;-0.05 |
-0.05;-0.05 |
-0.05;-0.05 |
Note: see Note to Table 3. The principal components have been extracted from a dataset without the
ratio of external borrowing from Europe to the stock of international reserves in each country
|
Table 7: The role of external borrowing from the US | |||||
|
Indo |
Mal |
Phil |
Kor |
Thai | |
|
crisis(1.5 std) |
0.44;0.44 |
0.89;0.54 |
-0.05;-0.05 |
0.44;0.44 |
0.44;0.44 |
|
crisis (2 std) |
0.50;0.68 |
-0.10;-0.07 |
-0.05;-0.05 |
0.94;0.68 |
0.94;0.68 |
Note: see Note to Table 3. The principal components have been extracted from a dataset without the
ratio of external borrowing from the US to the stock of international reserves in each country
|
Table 8: The role of external borrowing from Japan | |||||
|
Indo |
Mal |
Phil |
Kor |
Thai | |
|
crisis(1.5 std) |
0.44;0.44 |
0.89;0.54 |
-0.05;-0.05 |
0.44;0.44 |
0.44;0.44 |
|
crisis (2 std) |
0.50;0.68 |
0.89;0.54 |
-0.05;-0.05 |
-0.05;-0.05 |
0.94;0.68 |
Note: see Note to Table 3. The principal components have been extracted from a dataset without the
ratio of external borrowing from Japan to the stock of international reserves in each country
|
_________________________Table 9: The role of M2_________________________ | |||||
|
Indo |
Mal |
Phil |
Kor |
Thai | |
|
crisis(1.5 std) |
-0.05;-0.07 |
-0.05;-0.05 |
-0.05;-0.05 |
0.44;0.44 |
0.44;0.44 |
|
crisis (2 std) |
-0.05;-0.07 |
-0.05;-0.05 |
-0.05;-0.05 |
0.94;0.68 |
0.94;0.68 |
Note: see Note to Table 3. The principal components have been extracted from a dataset without the
external borrowing from the M2 ratio to the stock of international reserves in each country
21
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