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 84
... financial institutions . Some reformist leaders and parties arose or gained ... financial institutions and the United States ( Wade and Veneroso 1998 ) . At ... corporate sectors and the redefinition of the social contract . A central ...
... corporate practice , and in the terms of competition in particular markets , but they are gradu- ally reforming the nature of business - government relations in the region . The problems of financial and corporate restructuring are ...
... corporate restructuring process in the four countries . Bankruptcy laws were stronger in South Korea and Malaysia when the crisis hit ... Corporate restructuring restructured to total debt , 8/1999 FINANCIAL AND CORPORATE RESTRUCTURING 147.
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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