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
Risultati 1-3 di 21
... recapitalization by encouraging private recapitalization Decisiveness of government in identifying and financing " carve out " of NPLs ; market pricing of asset purchases ; timely rehabilitation or disposition of assets ; maximizing ...
... recapitalization Financial Supervisory Authority , 4/1998 ; Korea Deposit Insurance Corporation 5 closed and merged ... recapitalization , 10/1999 plus estimated remaining 144 14 2 Managing bank failure and recapitalization.
... recapitalization program . " But the government also exercised some conditionality ; banks seeking recapitalization were required to submit a business plan showing that the owners were capable of meeting their share of the initial ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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