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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... direct investment , and net portfolio investment Table A2.3 Flow of funds through external and special external accounts Table A2.4 Malaysia's exit tax on foreign capital Table A2.5 February 2000 solutions to the CLOB controversy Table ...
... Direct state intervention in the allocation of financial resources generated various well - known risks , including that of moral hazard . But efforts to liberalize the financial system also produced risk . Regula- tory agencies lacked ...
Stephan Haggard. in the region . These include liberalization of foreign direct investment and new rules governing bankruptcy and corporate governance . East Asian capitalism may not be converging on a Western model but the crisis has ...
... Direct state intervention in the allocation of financial resources generated various well - known risks , including that of moral hazard . But efforts to liberalize the financial system also produced risk . Regulatory agencies lacked ...
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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 |