The Political Economy of the Asian Financial CrisisColumbia University Press, 1 µ.¤. 2010 - 304 ˹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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˹éÒ x
... countries, 1978-96 189 Figure 5.2 Average per capita income, by quintile: Indonesia, Malaysia, South Korea, and Thailand 193 Preface The study of financial crises in emerging market economies Institute for International Economics | http ...
... countries, 1978-96 189 Figure 5.2 Average per capita income, by quintile: Indonesia, Malaysia, South Korea, and Thailand 193 Preface The study of financial crises in emerging market economies Institute for International Economics | http ...
˹éÒ xvii
... countries, but I had never ventured deeply into Southeast Asia. Fred Bergsten's challenge—to write a book on the political economy of the Asian financial crisis— presented an opportunity to educate myself. Thankfully, I found help from ...
... countries, but I had never ventured deeply into Southeast Asia. Fred Bergsten's challenge—to write a book on the political economy of the Asian financial crisis— presented an opportunity to educate myself. Thankfully, I found help from ...
˹éÒ 1
... countries of East and Southeast Asia in the past, most notably the oil price increases of the 1970s and early 1980s. Individual countries had also experienced episodic difficulties. South Korea had a sharp, short recession in 1980, and ...
... countries of East and Southeast Asia in the past, most notably the oil price increases of the 1970s and early 1980s. Individual countries had also experienced episodic difficulties. South Korea had a sharp, short recession in 1980, and ...
˹éÒ 2
... countries enter a ''zone of vulnerability,'' political uncertainty plays an important, but neglected, role in both the onset and depth of financial crises. Early economic warning indicators need to be supplemented with a greater ...
... countries enter a ''zone of vulnerability,'' political uncertainty plays an important, but neglected, role in both the onset and depth of financial crises. Early economic warning indicators need to be supplemented with a greater ...
˹éÒ 3
... countries. A convenient date for its onset is 2 July 1997, when the Thai baht was allowed to float. On 11 July, the Philippines followed suit, and for the remainder of the year, all the Southeast Asian currencies were allowed to float ...
... countries. A convenient date for its onset is 2 July 1997, when the Thai baht was allowed to float. On 11 July, the Philippines followed suit, and for the remainder of the year, all the Southeast Asian currencies were allowed to float ...
à¹×éÍËÒ
1 | |
15 | |
Ch
2 Incumbent Governments and the Politics of Crisis Management | 47 |
Ch 3 Crisis Political Change and Economic Reform | 86 |
Ch 4 The Politics of Financial and Corporate Restructuring | 139 |
Safety Nets and Recrafting the Social Contract | 183 |
A New Asian Miracle | 217 |
References | 239 |
Index | 255 |
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administrative Anwar Asia ASIAN FINANCIAL CRISIS assets authoritarian banking sector bankruptcy billion bumiputra business-government relations capital central bank chaebol chapter Chinese Chuan CLOB coalition controls corporate governance corporate restructuring corruption countries country’s crises CRISIS MANAGEMENT Danaharta debt democracies democratic Development Eastern Economic Review ECONOMIC REFORM effects efforts elections electoral finance companies financial and corporate financial institutions financial sector firms fiscal foreign funds Golkar government’s groups growth Habibie Hanbo IBRA important incentives increase INCUMBENT GOVERNMENTS Indonesia industrial initial interest investment investors issues Jomo Kim Dae Jung Kim Young Kim Young Sam labor legislative liberalization Mahathir Malaysia ment moral hazard National opposition particularly party percent Philippines POLITICAL CHANGE POLITICAL ECONOMY president private sector problems recapitalization region regulatory Renong ringgit risk role rule share social contract South Korea state-owned strategy substantial Suharto Table Thai Thailand tion transparency UMNO urban vulnerable World Bank