The Political Economy of the Asian Financial CrisisPeterson Institute, 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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... Early Warning System for Emerging Markets ( 2000 ) . By mid - 2000 , the Asian economies outside of Indonesia were showing strong signs of recovery . But troubling questions remained about whether the reforms undertaken in the wake of ...
... early in his term to launch wide - ranging reforms . Thailand's fragmented party system proved slower in responding but also chalked up some important accomplishments . By contrast , Indonesia's increasingly vulnerable president proved ...
... early in his term to launch wide - ranging reforms . Thailand's fragmented party system proved slower in responding but also chalked up some important accomplishments . By contrast , Indonesia's increasingly vulnerable president proved ...
... early 1980s . Individual countries had also experienced episodic difficulties . South Korea had a sharp , short recession in 1980 , and the Philippines experienced a debt crisis in the early 1980s . Falling oil prices forced substantial ...
... Early economic warning indicators need to be supple- mented with a greater understanding and appreciation of the political sources of market uncertainty ( chapter 2 ) . □ Contrary to defenders of " Asian values , " nondemocratic ...
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BusinessGovernment Rel | 15 |
about the quality of information provided by banks on a | 20 |
ments ability to manage emerging problems in the banking and | 30 |
with ANDREW MACINTYRE | 47 |
Table A25 February 2000 solutions to t | 83 |
Crisis Political Change and | 87 |
Malaysia finally is the country where the crisis | 92 |
Number | 95 |
The Politics of Financial and | 139 |
11 percent + 48 percent | 145 |
Indonesia | 148 |
Status | 152 |
with NANCY BIRDSALL | 183 |
date rural interests as they did for example | 208 |
A New Asian Miracle | 217 |
References | 239 |