The Political Economy of the Asian Financial Crisis

Copertina anteriore
Peterson 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.
The volume... provides an excellent overview of both the theories and facts of the crisis. Strongly recommended for academic collections, lower-division undergraduate through research.

 

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

motion in December 1999 failed decisively 229 to 125
100
Percentage share
123

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Informazioni sull'autore (2000)

Stephan Haggard, visiting fellow, is the Lawrence and Sallye Krause Distinguished Professor at the School of Global Policy and Strategy, University of California, San Diego. He has been a consultant to AID, the World Bank, the United Nations Conference on Trade and Development, and the OECD and is a member of the Council on Foreign Relations. He is the coauthor of Witness to Transformation: Refugee Insights into North Korea (2011) and Famine in North Korea: Markets, Aid, and Reform (Columbia University Press, 2007).

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