(
γCaut∗JBJ
)
+βµ
∑
y′
Q(y′|y)
π(M)
(
δ(M)V RABJ(y′, 0,M) + (1− δ(M))V RAB...repay
V DAJ
AJ A+ J A+ J default
V RAJAJ A+ J A+ J repay
V DA
B A B default
V...
It emerged in the wa-
ke of the widely-known Mexican crisis (1994/95) and was
followed...Japan and heavy government sup-
port encouraged big investments in Southeast Asia...
