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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... exchange rate , they sent markets the signal that further decline was in store , contrib- uted to the overshooting of exchange rate adjustments , and severely com- pounded problems in the financial and corporate sectors . Feldstein ...
... rate of RM3.80 to the dollar . Forward contracts were settled according to ... exchange market . The question of how to handle longer investments held by ... Exchange of Singapore ( SES ) continued share listings until 1989 , when the ...
... Trade and Payments After Soviet Disintegration * John Williamson June 1992 ISBN 0-88132-173-7 38 Trade and Migration : NAFTA and Agriculture Philip L. Martin October 1993 ISBN 0-88132-201-6 39 The Exchange Rate System and the IMF : A ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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