The Political Economy of the Asian Financial CrisisColumbia University Press, 1 ott 2010 - 304 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 1-5 di 77
Pagina xi
... problems of the developing countries. C. Fred Bergsten, Cline, and John Williamson authored Bank Lending to Developing Countries: The Policy Alternatives (1985). Williamson helped make the case for a new strategy in Voluntary Approaches ...
... problems of the developing countries. C. Fred Bergsten, Cline, and John Williamson authored Bank Lending to Developing Countries: The Policy Alternatives (1985). Williamson helped make the case for a new strategy in Voluntary Approaches ...
Pagina xii
... problem was not so much industrial policy, as traditionally conceived in earlier literature on the region, but rather ... problems. However, Haggard argues that a variety of legal and policy reforms undertaken in the wake of the crisis ...
... problem was not so much industrial policy, as traditionally conceived in earlier literature on the region, but rather ... problems. However, Haggard argues that a variety of legal and policy reforms undertaken in the wake of the crisis ...
Pagina 4
... problems that followed.1 Three distinct schools dominated the ensuing post mortem: ''fundamentalists,'' who emphasized macroeconomic and particularly exchange rate mismanagement; ''internationalists,'' who focused on the inherent ...
... problems that followed.1 Three distinct schools dominated the ensuing post mortem: ''fundamentalists,'' who emphasized macroeconomic and particularly exchange rate mismanagement; ''internationalists,'' who focused on the inherent ...
Pagina 5
... problems of overvaluation that can ensue (Corsetti, Pesenti, and Roubini 1998). Moreover, there is evidence in several countries of a basic failure to understand the policy constraints associated with an open capital account. When ...
... problems of overvaluation that can ensue (Corsetti, Pesenti, and Roubini 1998). Moreover, there is evidence in several countries of a basic failure to understand the policy constraints associated with an open capital account. When ...
Pagina 6
... problem began with financial intermediaries—institutions whose liabilities were perceived as having an implicit ... problems compounded the effects of weak institutional development by the banks themselves, which tended to lend on ...
... problem began with financial intermediaries—institutions whose liabilities were perceived as having an implicit ... problems compounded the effects of weak institutional development by the banks themselves, which tended to lend on ...
Sommario
1 | |
15 | |
Ch
2 Incumbent Governments and the Politics of Crisis Management | 47 |
Ch 3 Crisis Political Change and Economic Reform | 86 |
Ch 4 The Politics of Financial and Corporate Restructuring | 139 |
Safety Nets and Recrafting the Social Contract | 183 |
A New Asian Miracle | 217 |
References | 239 |
Index | 255 |
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Parole e frasi comuni
administrative Anwar Asia ASIAN FINANCIAL CRISIS assets authoritarian banking sector bankruptcy billion bumiputra business-government relations capital central bank chaebol chapter Chinese Chuan CLOB coalition controls corporate governance corporate restructuring corruption countries country’s crises CRISIS MANAGEMENT Danaharta debt democracies democratic Development Eastern Economic Review ECONOMIC REFORM effects efforts elections electoral finance companies financial and corporate financial institutions financial sector firms fiscal foreign funds Golkar government’s groups growth Habibie Hanbo IBRA important incentives increase INCUMBENT GOVERNMENTS Indonesia industrial initial interest investment investors issues Jomo Kim Dae Jung Kim Young Kim Young Sam labor legislative liberalization Mahathir Malaysia ment moral hazard National opposition particularly party percent Philippines POLITICAL CHANGE POLITICAL ECONOMY president private sector problems recapitalization region regulatory Renong ringgit risk role rule share social contract South Korea state-owned strategy substantial Suharto Table Thai Thailand tion transparency UMNO urban vulnerable World Bank