01742cas a2200241 a 4500 AALejournalIMF001164 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845822 1018-5941 BD-DhAAL BD-DhAAL Nagayasu, Jun. Currency Crisis and Contagion : Evidence From Exchange Rates and Sectoral Stock Indices of the Philippines and Thailand / Jun Nagayasu. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (26 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 analyzes empirically the recent Asian financial crisis using high frequency data of exchange rates and stock indices of the Philippines and Thailand. Utilizing standard time-series techniques, this study confirms that there is evidence that developments in some sectoral indices-including those of banking and financial sectors-seem to have caused upward pressure on exchange rates. A correlation between some of these variables is also found to be strong across countries in the crisis period, thereby confirming the importance of the linkages between financial markets as a transmission channel of the Thai crisis to the Philippines. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/039 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/039/001.2000.issue-039-en.xml IMF e-Library