Asia leads the pack in drawing private capital
Article Abstract:
A survey of the Institute of International Finance (IIF) says that Asian countries experiencing economic slowdown, particularly in the export and stock markets, must not be alarmed because Asia will continue to hold a big share of the world economy's private capital. The institute estimated that eight Asian nations will acquire a combined $136.2 bil in investments, commercial loans and bond sales in 1997. Although these eight countries are experiencing current account deficits, the institute predicted that they are not in danger because of their big net capital inflow.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Hero and bully in Asia's crisis: U.S. Ex-Im Bank chief stands out for pursuing a coordinated response
Article Abstract:
US Export-Import Bank Chmn James Harmon is considered both as a friend and an enemy by Asian countries during the economic crisis. The US government agency was Korea's savior during that time when Korean importers could not obtain bank loans. Harmon's bank provided $1 billion in short-term trade financing. However, the agency is also being considered as foe as demonstrated in its goal of repossessing four Boeing jets from troubled Philippine Airlines and in requiring an independent audit of Indonesian conglomerate PT Bakrie and Brothers.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Major lenders shun 5 countries, citing dreary outlook: capital flows are punishing economies more harshly than expected, finance institute forecasts
Article Abstract:
The Washington-based Institute of International Finance reported that Indonesia, Malaysia, South Korea, Thailand and the Philippines, the five economies most gravely affected by the economic turmoil, are being whipped by the capital markets even more severely than estimated. The institute's revised 1998 capital-flow forecast shows that private lenders in 1998 will withdraw $32.6 bil more than they will inject into the five countries, or almost twice as much as what was forecasted in May 1998.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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