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
Risultati 1-3 di 57
... central bank to restrain interest rates . Anwar did not control monetary policy , but he defended the central bank and warned that interest rates would rise , as they did beginning in December 1997 . The 5 December program seemed to ...
... bank , Bank Alfa , and shifting the assets of the closed bank to it . Probosutedjo persisted in his efforts to save Bank Jakarta , claiming that it was initially closed because of failure to pay adequate bribes to central bank officials ...
... bank activities . However , at the same time the adminis- tration secured congressional support for a new central bank law in 1993 that substantially increased the institution's independence and regulatory reach . The reforms of the central ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
10 sezioni non visualizzate