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 9
... ringgit but quickly gave up the effort . For the remainder of the year , the ringgit continued a steady , and largely uninterrupted , fall . Given the relatively favorable starting point , why did Malaysia fare so poorly ? Although ...
... ringgit in Singapore , with the effect that 1 - month offshore ringgit deposits were yielding up to 40 percent - in comparison with only 11 percent onshore ( Economist Intelligence Unit , Country Economic Report : Malaysia and Brunei ...
... ringgit still ended up with losses , but this market solution did allow an orderly unwinding of contracts for those wishing to exit the ringgit . The central objective at the controls was to close the foreign exchange market . The ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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