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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... Restructuring The Political Economy of Financial Reform The Political Economy of Corporate Restructuring Liberalizing Foreign Investment 139 141 146 178 Conclusion 180 5 The Social Fallout : Safety Nets and Recrafting the Social ...
... restructuring 141 Table 4.2 Managing bank failure and recapitalization 144 Table 4.3 Corporate restructuring 148 Table 4.4 Status of the Big Deal plan 152 Table 5.1 Table 5.2 Gini coefficients , for selected countries of East Asia ...
... restructuring , and recrafting the social contract . Financial and corporate restructuring proved difficult as banks and firms sought to shift losses onto the government . Some governments , notably South Korea , moved swiftly to ...
... restructuring , and recrafting the social contract . Financial and corporate restructuring proved difficult as banks and firms sought to shift losses onto the government . Some governments , notably South Korea , moved swiftly to ...
... funding . The World Bank supported my research on the politics of financial and corporate restructuring , but takes no responsibility for the views expressed here . Introduction : The Political Economy of the Asian Financial Crisis xviii.
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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 |