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. |
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... assets before sale ( Klingebiel 1999 ) . The purchase price of the assets , and the extent to which they approximate fair market value , is a good indicator of the cost to taxpayers and the extent of the bailout . But even if assets are ...
... Asset resolution Asset management company and assets , 8/1999 Assets transferred , mid - 1999 Assets sold as share of those transferred , mid - 1999 Korean Asset Management Company , $ 37 billion 26 percent of NPLs , 10 percent of GDP ...
... assets . But therein lie a host of unresolved political problems and conflicts over precisely how IBRA should exercise its power , particularly given the diversity of the assets IBRA controls . To manage the assets pledged against ...
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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