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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... ( CLOB ) .26 Around the time capital and exchange controls were introduced in September 1998 , there were about 200,000 CLOB account holders with some S $ 2 billion involved . The existence of the CLOB had both advantages and ...
... CLOB was set up in 1990 , a contention challenged by stockbrokers in Singapore . Nonetheless , it was true that the CLOB market was made up entirely of Singapore brokers , with Malaysian brokers simply agents with whom the shares were ...
... CLOB investors . Each involved either freezing sales for some period or selling to Khan's new firm , Effective ... CLOB shares ( Straits Times , 7-8 May 1999 ) . Lee further revealed that the Singapore government was unwilling to make ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
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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 |