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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... September and 21 October 1998 ; Financial Times , 7 October 1998 ) . The offshore ringgit market was not subject to direct controls or " win- dow guidance " from the Bank Negara Malaysia ( BNM ) . Rates on ringgit instruments could ...
... September 6.59 7.56 7.66 3.017 809.88 October 7.65 8.39 8.47 3.288 766.20 November 7.93 8.97 9.18 3.378 637.99 December 10.89 8.98 9.15 3.783 577.66 1998 January 13.00 9.82 10.03 4.369 542.12 February 11.43 11.05 11.11 3.812 714.27 ...
... September 1994 John Williamson , editor September 1994 ISBN 0-88132-127-3 Estimating Equilibrium Exchange Rates Managing the World Economy : Fifty Years After Bretton Woods September 1994 ISBN 0-88132-076-5 Peter B. Kenen , editor ISBN ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
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