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. |
จากด้านในหนังสือ
ผลการค้นหา 1 - 5 จาก 55
หน้า xii
... Regulatory agencies lacked the capacity to monitor new activities. Banks and other intermediaries lobbied for lax regulation and exceptions. They sought to shift the cost of their activities onto the government and ultimately onto ...
... Regulatory agencies lacked the capacity to monitor new activities. Banks and other intermediaries lobbied for lax regulation and exceptions. They sought to shift the cost of their activities onto the government and ultimately onto ...
หน้า 2
... regulatory changes, but political and institutional changes that check particularistic business influence and ... regulation, as an antidote to corruption and the undue influence of favored business interests (chapter 3). The crisis ...
... regulatory changes, but political and institutional changes that check particularistic business influence and ... regulation, as an antidote to corruption and the undue influence of favored business interests (chapter 3). The crisis ...
หน้า 4
... regulatory and structural problems, particularly in the financial sector. A fourth controversy surrounded the IMF's prescriptions, and whether the adoption of overly restrictive monetary and fiscal policies and ambitious structural ...
... regulatory and structural problems, particularly in the financial sector. A fourth controversy surrounded the IMF's prescriptions, and whether the adoption of overly restrictive monetary and fiscal policies and ambitious structural ...
หน้า 6
... regulatory failures were low capital adequacy ratios; weak, and weakly enforced, lending limits to related managers and enterprises; permissive asset classification systems and provisioning rules; and, in general, poor disclosure and ...
... regulatory failures were low capital adequacy ratios; weak, and weakly enforced, lending limits to related managers and enterprises; permissive asset classification systems and provisioning rules; and, in general, poor disclosure and ...
หน้า 8
... regulatory weaknesses and problems of moral hazard veered the farthest into political territory, but their analysis also begged a number of important questions. Why was the financial sector weakly regulated? Was it the result of sins of ...
... regulatory weaknesses and problems of moral hazard veered the farthest into political territory, but their analysis also begged a number of important questions. Why was the financial sector weakly regulated? Was it the result of sins of ...
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 |
ฉบับอื่นๆ - ดูทั้งหมด
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