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 80
... foreign companies led the government to impose a cap on distributed profits . Not surprisingly , the foreign business community reacted negatively to this new restriction , and as early as December 1998 evidence began to surface of a ...
... foreign debt before the crisis . Government - guaranteed debt was less than 0.05 percent of GDP . The external liabilities of Taiwan's private sector totaled 10.6 percent of GDP , but this was less than the value of foreign assets held ...
... foreign direct investment ( FDI ) Indonesia , 180 liberalization , 141t , 141-142 , 178-181 , 228 , 230 ( See also ... foreign exchange markets , closure of , 58 , 80 Foreign Investment Law ( Thailand ) , 178 Foreign Investment Promotion ...
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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