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 iv
... Global Conflict and Cooperation, where he chairs the Northeast Asian Cooperation Dialogue. He has been a consultant to AID, the World Bank, the United Nations Conference on Trade and Development, and the OECD and is a member of the ...
... Global Conflict and Cooperation, where he chairs the Northeast Asian Cooperation Dialogue. He has been a consultant to AID, the World Bank, the United Nations Conference on Trade and Development, and the OECD and is a member of the ...
˹éÒ xi
... World Economy (1983) and International Debt: Systemic Risk and Policy Response (1984) were the first systematic analyses of the debt problems of the developing countries. C. Fred Bergsten, Cline, and John Williamson authored Bank ...
... World Economy (1983) and International Debt: Systemic Risk and Policy Response (1984) were the first systematic analyses of the debt problems of the developing countries. C. Fred Bergsten, Cline, and John Williamson authored Bank ...
˹éÒ xviii
... Global Conflict and Cooperation, which provided me with travel, research assistance, and the time to complete the study. The Carnegie Foundation, the Korea Foundation, and the Asia Research Fund (Korea) also provided funding. The World Bank ...
... Global Conflict and Cooperation, which provided me with travel, research assistance, and the time to complete the study. The Carnegie Foundation, the Korea Foundation, and the Asia Research Fund (Korea) also provided funding. The World Bank ...
˹éÒ 4
... World Bank, Asian Development Bank, and other countries in the region. Within weeks, this package proved inadequate, and on Christmas Eve a new program was unfurled, including additional resources and conditions and negotiations with ...
... World Bank, Asian Development Bank, and other countries in the region. Within weeks, this package proved inadequate, and on Christmas Eve a new program was unfurled, including additional resources and conditions and negotiations with ...
˹éÒ 7
... banks either to curtail lending or cease operations altogether, leading to yet further asset deflation. Kaminsky and ... World Bank 2000b, 29). For example, critics of the IMF tended to discount the risks of even further currency ...
... banks either to curtail lending or cease operations altogether, leading to yet further asset deflation. Kaminsky and ... World Bank 2000b, 29). For example, critics of the IMF tended to discount the risks of even further currency ...
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