The Political Economy of the Asian Financial CrisisColumbia University Press, 1 ต.ค. 2010 - 304 หน้า 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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ผลการค้นหา 1 - 5 จาก 30
หน้า 5
... investors; the fact that so. 2. However, there arguably were massive budget deficits associated with the implicit or explicit guarantees to faltering banking systems. 3. Using consumer price index-deflated trend real rates, Chinn (1998) ...
... investors; the fact that so. 2. However, there arguably were massive budget deficits associated with the implicit or explicit guarantees to faltering banking systems. 3. Using consumer price index-deflated trend real rates, Chinn (1998) ...
หน้า 6
Stephan Haggard. as constituting a guarantee to investors; the fact that so much offshore borrowing was unhedged suggests just such a perception. Critics of this ''fundamentalist'' view place greater emphasis on selffulfilling ...
Stephan Haggard. as constituting a guarantee to investors; the fact that so much offshore borrowing was unhedged suggests just such a perception. Critics of this ''fundamentalist'' view place greater emphasis on selffulfilling ...
หน้า 8
... investors, but the expectation that the government is unwilling or unable to adjust. Similarly, in the model of self-fulfilling speculative attacks adopted by Radelet and Sachs (1998a, 1998b), it is not evident why the first investor ...
... investors, but the expectation that the government is unwilling or unable to adjust. Similarly, in the model of self-fulfilling speculative attacks adopted by Radelet and Sachs (1998a, 1998b), it is not evident why the first investor ...
หน้า 20
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หน้า 31
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เนื้อหา
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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คำและวลีที่พบบ่อย
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