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...
slower growth in the following periods.
1998 1999 2000 2001 2002
90
100
110
120...3 Average Capital Growth for the Groups of FDI Companies, 1998
= 100
80
100
...
country
Before recession During recession
–60
–40
–20
0
20
40
60
80
100
120...Small Medium Large Total exports growth
–60
–40
–20
0
20
40
60
80
100
...
A Credit Market Disequilibrium Model And Periods of Credit Crunch
1
40
80
120...2002 2003 2004 2005 2006 2007 2008 2009
2
0
1
0
b
ill
io
n
H
R
K
40
80
...
CROATIA18
Davor Kunovac and Karlo Kotarac
80
85
90
95
125
100
110
105
120...City of Zagreb are shown as deviations from the prices in Trnje.
40
50
60
70
...
