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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... efforts to calm business and middle - class fears ( Far Eastern Economic Review , 14 May 1998 , 14-24 ) . Despite his populist rhetoric , his policy pronouncements were surprisingly conservative and market- oriented . His approach to ...
... efforts was an important IMF policy shift toward support for a more accommodative fiscal stance . Again , a top priority was achiev- ing food security through a targeted program of distribution of rice to poor families ; this program ...
... efforts emerged that were driven in part by efforts of competing ministries ( and their ministers ) to protect budget shares.15 By the summer of 1998 , however , the overall context for the formulation and implementation of social ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Incumbent Governments and the Politics of Crisis Management | 47 |
Crisis Political Change and Economic Reform | 87 |
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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 |