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 82
... Foreign Investment Despite strong political resistance , all four governments have not only launched short - term restructuring programs but initiated regulatory reforms that will affect the evolution of the financial and corporate ...
... foreign investors to facilitate the financial restructuring process . Foreign parties were major bidders in the asset sales organized by the FRA - again over political objections — and the government encouraged Thai banks to seek foreign ...
... foreign investment and repatriation of interest , profits , and dividends and capital " ( New Straits Times , 2 Sep- tember , 1998 , 23 ) ; the controls clearly sought to minimize disruption to ongoing foreign operations . In one ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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