01714cas a2200253 a 4500 AALejournalIMF000829 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845679 1018-5941 BD-DhAAL BD-DhAAL Ghosh, Atish. East Asia in the Aftermath : Was there a Crunch? / Atish Ghosh, Swart Ghosh. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper uses a disequilibrium framework to investigate a possible credit crunch in the East Asian crisis countries (Indonesia, Korea, and Thailand) during 1997-98. It defines a credit crunch as a situation in which interest rates do not equilibrate supply and demand for credit and the aggregate amount is supply constrained, id est there is quantity rationing. In all three countries, rising real interest rates and weakening economic activity lowered credit demand and (with the exception of Indonesia in late 1997) there is little evidence of quantity rationing at the aggregate level-although individual firms may have lost access to credit. Mode of access: Internet Ghosh, Swart. IMF Working Papers; Working Paper ; No. 1999/038 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/038/001.1999.issue-038-en.xml IMF e-Library