International liquidity swaps: is the Chiang Mai Initiative pooling reserves efficiently?

International Liquidity Swaps: Is the Chiang Mai Initiative Pooling Reserves Efficiently?

We analyze the network of bilateral liquidity swaps (BSAs) among the ASEAN+3 countries. We find that the network has taken the correlation of capital flows in the region into account, in the sense that countries with lower correlation of reserve growth have engaged in larger BSAs. All else equal, a decimal point increase in the correlation of international reserve growth decreases the size of a...

Epidemiology of hip fracture in Chiang Mai.

The incidence of hip fracture varies worldwide. From 1997 to 1998, the incidence of hip fracture in Chiang Mai was 151.2 and 185.2 per 100,000 from the hospital survey and the community survey respectively. The mortality rate in hospital following hip fracture was 2.1% and the one-year mortality rate rose steadily to 37%. In addition, morbidity after hip fracture may also carry serious implicat...

Growth, Liquidity Provision, International Reserves, and Sovereign Debt Capacity∗

I establish a theoretical framework to address three distinct, but interrelated puzzles in international economics: (1) the occurrence of twin crises, (2) the existence of large amounts of sovereign debt, and (3) the presence of substantial amounts of international reserves. By considering the interaction between growth and banking in a small open economy that is unable to commit to repaying it...

Infective Endocarditis at Maharaj Nakorn Chiang Mai

Department of Medicine, Faculty of Medicine, Chiang Mai University, Chiang Mai 50002, Thailand. Received for publication: April 21, 2006. Reprint request: Romanee Chaiwarith, M.D., Department of Medicine, Faculty of Medicine, Chiang Mai University, Chiang Mai 50002, Thailand. E-mail: [email protected]

Eighth International Conference on Advanced Computational Intelligence, ICACI 2016, Chiang Mai, Thailand, February 14-16, 2016