The Political Economy of the Asian Financial CrisisPeterson Institute, 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. |
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... crises - Asia - Case studies . I. Title . HG187.A2 H34 2000 332'.095 - dc21 ISBN 0-88132-283-0 00-038312 The views expressed in this publication are those of the author . This publication is part of the overall program of the Institute ...
... Crises 218 Crisis and Political Change 222 Looking Forward I : The Reform of Business - Government Relations 224 Looking Forward II : Toward a New Social Contract 230 A New Asian Miracle 236 References 239 Index 255 Tables Table 1.1 ...
... high- and low - inequality East Asian countries , 1978-96 Figure 5.2 Average per capita income , by quintile : Indonesia , Malaysia , South Korea , and Thailand 189 193 Preface The study of financial crises in emerging market economies.
... crises in emerging market economies in the 1990s . Guillermo Calvo , Morris Goldstein and Eduard Hochreiter examined Private Capital Flows to Emerg- ing Markets after the Mexican Crisis ( 1996 ) . Goldstein made one of the first ...
... crises in the most - seriously affected countries : Thai- land , Indonesia , Malaysia , and South Korea . He notes that the nature of business - government relations in East Asia had troubling as well as beneficial aspects . The problem ...
Sommario
BusinessGovernment Rel | 15 |
about the quality of information provided by banks on a | 20 |
ments ability to manage emerging problems in the banking and | 30 |
with ANDREW MACINTYRE | 47 |
Table A25 February 2000 solutions to t | 83 |
Crisis Political Change and | 87 |
Malaysia finally is the country where the crisis | 92 |
Number | 95 |
The Politics of Financial and | 139 |
11 percent + 48 percent | 145 |
Indonesia | 148 |
Status | 152 |
with NANCY BIRDSALL | 183 |
date rural interests as they did for example | 208 |
A New Asian Miracle | 217 |
References | 239 |