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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... involvement in the financial sector . As in Indonesia , the problems were not simply ones of how the financial crisis ... involved efforts to counter concerns about Chinese ownership of banks . UMBC was later acquired by a prominent UMNO ...
... involved either freezing sales for some period or selling to Khan's new firm , Effective Capital , at a discount or with steep fees ( Asian Wall Street Journal , 27 April 1999 ) . Other offers followed , all effectively confiscatory.2 ...
... involved the prime minister's eldest son , Mirzan Mahathir , and his Konsortium Perkapalan , a transportation conglomerate with debt of RM1.6 billion ( $ 412 million ) ( Far Eastern Economic Review , 19 March 1998 ) . The bailout again ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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