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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... Nonperforming loans at state - owned banks in 1996 totaled 16.6 percent of their total credits , in comparison with ... Nonperforming loans temporarily fell . But the high - profile case of Eddie Tansil suggests the government's ...
... nonperforming loans or seize assets in compensation for them . The state banks had become a central means for channeling resources to politically favored parties and projects under Suharto , and the rate of nonperforming loans in them ...
... loan losses ) and nonperforming loans remain extremely high , nearly 40 percent in the Thai banking system . A curious result of the crisis is an inadvertent change in the state's role in the economy . Through the end of 1999 , more ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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