The Political Economy of the Asian Financial CrisisInstitute for International Economics, 2000 - 272 ˹éÒ 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. |
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... governance . Indeed , the question in Korea was whether the government had become too activist and directive in leading the corporate ... Corporate restructuring restructured to total debt , 8/1999 FINANCIAL AND CORPORATE RESTRUCTURING 147.
... corporate governance 40 percent Corporate Debt Restructuring Advisory Committee , 6/1998 . Initially strict London Rules , some increase in coordinating function in 1999 ; no link to corporate governance 22 percent Corporate Debt ...
... corporate governance can also suffer larger collapses when hit by adverse shocks . But for our purposes there are additional political reasons to be attentive to corporate governance . An important parallel exists between an account ...
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Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
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Avoiding the Apocalypse: The Future of the Two Koreas [ISBN not on www] Noland, Marcus ªÁºÒ§Êèǹ¢Í§Ë¹Ñ§Ê×Í - 2000 |
The International Financial Architecture: What's New? What's Missing? Peter B. Kenen ªÁºÒ§Êèǹ¢Í§Ë¹Ñ§Ê×Í - 2001 |