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 59
... questions remained about whether the reforms undertaken in the wake of the crisis had eliminated future sources of risk . The answer to that question was not simply economic but rested ultimately on politics . Had the crisis generated ...
... questions about Suharto's intentions . The decision to close the banks was ultimately confirmed , but Bambang was able to ... question of succession , and the dependence of the entire economy on the person of Suharto , became painfully ...
... question in the discussion in chapter 3 was the question of backlash : To what extent did the crisis give rise to parties and move- ments that were populist and anti - market in their orientation ? These political forces cannot be ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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