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 16
... secure the license for the plant in the first place , to secure support from local politicians around the site who faced opposition on environmental grounds , and to subsequently quiet legislators who might blow the whistle . ment's ...
... secure business and labor support , sometimes , as we will see , for measures of questionable legality ( chapter 4 ) . He sought to enhance the powers of independent regulatory agencies ( e.g. , the Fair Trade Commission and ...
... secure concessions favorable to debtors . 16. These included raising the minimum debt limits , a prohibition on filing bankruptcy against holders of personal guarantees , a common way to " secure " lending , and even a provision that ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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