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 51
... Liberalization , privatization , and deregulation Politics of business - government relations Risks Undue political influence ; capacity for firms to blackmail government ; moral hazard and " too big to fail " problem Management of past ...
... liberalization , rather than industrial policy , that was subject to some of the most damaging forms of political manipulation . The " Capture " of Liberalization If government interventions of various sorts can generate moral hazard ...
... liberalization . Of these risks , industrial policy appears to weigh least heavily , although its role cannot be dismissed altogether in Indonesia and Malaysia . Yet a skeptic might still point out that these are all problems of long ...
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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