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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... legislation until after the elections . The question of financial reform resurfaced in late October , in part at the insistence of the IMF . At the end of the second week of November , the package of financial reform bills was headed ...
Stephan Haggard. Table 3.3 Reform legislation passed during the transition period , South Korea , 1997-98 Session 186th ( 22-30 December , 1997 ) 187th ( 15-21 January , 1998 ) 188th ( 2-16 February , 1998 ) ( r ) = revised . Legislation ...
... legislation proposed by the government immediately ran into strong objections from senators who would be adversely affected by the legislation , including particularly the heads of two heavily indebted groups , Thai Petrochemical and ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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