The Political Economy of the Asian Financial CrisisStephan Haggard, Professor in the Graduate School of International Relations and Pacific Studies Stephan Haggard Institute 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. The volume... provides an excellent overview of both the theories and facts of the crisis. Strongly recommended for academic collections, lower-division undergraduate through research. |
Dall'interno del libro
Risultati 1-3 di 51
Pagina 163
Danaharta could take legal action to recover security through the bankruptcy
process and could sell the loans to a third ... take a more active role in
rehabilitating outlined strict loan restructuring guidelines to avoid problems of
moral hazard .
Danaharta could take legal action to recover security through the bankruptcy
process and could sell the loans to a third ... take a more active role in
rehabilitating outlined strict loan restructuring guidelines to avoid problems of
moral hazard .
Pagina 172
The plan also required that the banks ' owners fully absorb the losses arising
from loans extended to affiliated parties and that all bank obligations obtained
from central bank liquidity support be transferred to IBRA , which would convert
them ...
The plan also required that the banks ' owners fully absorb the losses arising
from loans extended to affiliated parties and that all bank obligations obtained
from central bank liquidity support be transferred to IBRA , which would convert
them ...
Pagina 206
Before finalizing negotiations with the Asian Development Bank and World Bank
for social sector loans , a variety of ad hoc efforts emerged that were driven in
part by efforts of competing ministries ( and their ministers ) to protect budget ...
Before finalizing negotiations with the Asian Development Bank and World Bank
for social sector loans , a variety of ad hoc efforts emerged that were driven in
part by efforts of competing ministries ( and their ministers ) to protect budget ...
Cosa dicono le persone - Scrivi una recensione
Nessuna recensione trovata nei soliti posti.
Sommario
Acknowledgments | 19 |
BusinessGovernment Relations and Economic Vulnerability | 21 |
Incumbent Governments and the Politics of Crisis Management | 47 |
Copyright | |
9 sezioni non visualizzate
Altre edizioni - Visualizza tutto
Parole e frasi comuni
administrative Asia Asian assets August billion business-government relations capital central bank changes chapter close coalition companies constitutional continued contributed controls corporate corruption costs countries crises crisis debt democratic Development direct early economic effects efforts elections electoral exchange extent faced fact firms forces foreign funds government's greater groups growth important increase Indonesia industrial initial institutions interest investment involved ISBN issues June Kim Dae KLSE labor legislative less liberalization limited loans Mahathir major Malaysia March ment minister nature November October opposition particularly party percent political president pressures problems question reform region regulation response restructuring result risk role rule sector September share social South Korea strategy strong substantial Suharto Table Thai Thailand tion Trade United urban vulnerable weak workers World