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
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... chaebol ( Haggard and Mo 2000 ) . Rather than attention focusing initially on the insolvency of banks and finance companies , it was the weakness of several large chaebol that triggered concerns about bank solvency . As in Thailand , a ...
... chaebol to phase out existing ones by March 2000 . The government's efforts to reduce the level of overall debt were partic- ularly controversial . Early in 1998 , the FSC urged the top 30 chaebol to lower their debt - equity ratios ...
... chaebol . The government was able to legislate quickly because of the unique political position enjoyed by the president in the period immediately following the election . In other areas where legislation proved more contentious or ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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