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 52
... Direct state intervention in the allocation of financial resources generated various well - known risks , including that of moral hazard . But efforts to liberalize the financial system also produced risk . Regula- tory agencies lacked ...
... direct investment , and net portfolio investment ( RM million ) MIDA approvals FDIa Net portfolio investment 1997 July n.a. 983 August n.a. 976 - 3,932 -5,347 September n.a. 863 October n.a. 855 - 7,038 -3,158 November n.a. 897 December ...
... direct citizen input . The most impor- tant of these are political and administrative decentralization and the guarantee that locales have a greater say in the management of resources . The latter issue pitted developers against small ...
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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