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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... sources of vulnerability were not limited to the illegal and illicit . They sprang , rather , from the political ... source of difficulty was precisely in the way business - government relations hindered the government from reacting ...
... Source : Asian Wall Street Journal , 27 February 2000 . Scheme B ( agreement between central depositories of KLSE and Singapore Exchange ) Within 32 ... sources of funds , 1998-2000 Source Funds INCUMBENT GOVERNMENTS AND CRISIS MANAGEMENT 83.
... Source : White Paper on Status of the Malaysian Economy , 6 April 1999 , 53 . billion ) sources . Domestically , Malaysia enjoys not only high savings rates , but high public sector savings as well . In addition to being able to issue ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Incumbent Governments and the Politics of Crisis Management | 47 |
Crisis Political Change and Economic Reform | 87 |
Copyright | |
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