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 35
... weak , and weakly enforced , lending limits to related managers and enterprises ; permissive asset classifi- cation systems and provisioning rules ; and , in general , poor disclosure and transparency of bank operations . These problems ...
... weak regulation and provides opportunities for corruption and private fraud and malfeasance Dependence of politicians on particular firms generates corruption , policy biases , and economic mismanagement in the financial sector has ...
... weakness of the government in the social policy area , and in some cases by corruption . But governments proved ... weak throughout the region ( Goodman , White , and Kwon 1998 ) . The poor are rarely well - represented politically ...
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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