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. |
Dall'interno del libro
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Stephan Haggard. 2 Incumbent Governments and the Politics of Crisis Management Political Sources of Uncertainty Thailand South Korea Malaysia Indonesia Conclusion Appendix 2.1 : The Political Economy of Malaysia's Capital Controls 47 49 ...
... sources of funds , 1998-2000 16 17 18 22 23 40 48 75 76 76 728 * 77 78 83 84 Table 3.3 Table 3.1 Political constraints on crisis management : New governments Table 3.2 Party composition of Thai governments and oppositions , 1996-2000 ...
... sources of risk . The answer to that question was not simply economic but rested ultimately on politics . Had the crisis generated reforms that were politically sustainable over the long run ? To address these questions , the Institute ...
... sources of market uncertainty ( chapter 2 ) . □ Contrary to defenders of " Asian values , " nondemocratic governments had no apparent advantages over democratic ones in adjusting to the crisis , and a number of disadvantages . These ...
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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 |