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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... state - owned banks in 1996 totaled 16.6 percent of their total credits , in comparison with 13.8 percent for private nonforeign exchange banks and 3.7 percent for private foreign exchange banks - although , as we will see in chapter 4 ...
... owned by its principal owner ( s ) to finance questionable investment ... state - related institutions . ... Such banks typically really have negative ... state - owned and private banks . Any financial regulator who attempted to enforce ...
... state - owned enter- prises always pose dilemmas for governments ; the temptation to use budgetary resources to support them during times of distress is high . The Proton national car project provides an example . As we saw in chapter 1 ...
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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