The Political Economy of the Asian Financial CrisisInstitute for International Economics, 2000 - 272 pagine The Asian crisis has sparked a thoroughgoing reappraisal of current international financial norms, the policy prescriptions of the International Monetary Fund, and the adequacy of the existing financial architecture. To draw proper policy conclusions from the crisis, it is necessary to understand exactly what happened and why from both a political and an economic perspective. In this study, renowned political scientist Stephan Haggard examines the political aspects of the crisis in the countries most affected--Korea, Thailand, Malaysia, and Indonesia. Haggard focuses on the political economy of the crisis, emphasizing the longer-run problems of moral hazard and corruption, as well as the politics of crisis management and the political fallout that ensued. He looks at the degree to which each government has rewoven the social safety net and discusses corporate and financial restructuring and greater transparency in business-government relations. Professor Haggard provides a counterpoint to the analysis by examining why Singapore, Taiwan, and the Philippines escaped financial calamity. |
Dall'interno del libro
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... August 1997 ) . At the same time , however , the prime minister announced that no further finance companies would be closed , and that the government would guarantee the closed finance companies loans and deposits . Both measures had ...
... August , the government announced an additional $ 8 billion of support for the banking system ( Korea Newsreview , 30 August 1997 , 24-25 ) . But it also signaled impatience with the campaign Kia was waging . The entire anti- bankruptcy ...
... August 6.85 7.64 7.73 2.749 904.27 September 6.59 7.56 7.66 3.017 809.88 October 7.65 8.39 8.47 3.288 766.20 November 7.93 8.97 9.18 3.378 637.99 December 10.89 8.98 9.15 3.783 577.66 1998 January 13.00 9.82 10.03 4.369 542.12 February ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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