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. |
¨Ò¡´éÒ¹ã¹Ë¹Ñ§Ê×Í
˹éÒ xii
... issues while Indonesia still faces daunting adjustment problems. However, Haggard argues that a variety of legal and policy reforms undertaken in the wake of the crisis are reshaping the terms of competition xii in the region. These ...
... issues while Indonesia still faces daunting adjustment problems. However, Haggard argues that a variety of legal and policy reforms undertaken in the wake of the crisis are reshaping the terms of competition xii in the region. These ...
˹éÒ xiii
... issues in that area and develop and communicate practical new approaches for dealing with them. The Institute is completely nonpartisan. The Institute is funded largely by philanthropic foundations. Major institutional grants are now ...
... issues in that area and develop and communicate practical new approaches for dealing with them. The Institute is completely nonpartisan. The Institute is funded largely by philanthropic foundations. Major institutional grants are now ...
˹éÒ xvii
... issues, Nancy Birdsall, who helped me think through the social dimensions of the crisis and co-authored chapter 5. I also learned much from a seminar at the Graduate School of International Relations and Pacific Studies at the ...
... issues, Nancy Birdsall, who helped me think through the social dimensions of the crisis and co-authored chapter 5. I also learned much from a seminar at the Graduate School of International Relations and Pacific Studies at the ...
˹éÒ xviii
... issues and produced firstclass research papers on a number of issues related to the crisis. This study could not have been completed without financial support, and in addition to the Institute, I would like to thank Peter Cowhey and the ...
... issues and produced firstclass research papers on a number of issues related to the crisis. This study could not have been completed without financial support, and in addition to the Institute, I would like to thank Peter Cowhey and the ...
˹éÒ 6
... issues of business-government relations. As he put it succinctly, ''the problem began with financial intermediaries—institutions whose liabilities were perceived as having an implicit government guarantee, but. 4. Malaysian Prime ...
... issues of business-government relations. As he put it succinctly, ''the problem began with financial intermediaries—institutions whose liabilities were perceived as having an implicit government guarantee, but. 4. Malaysian Prime ...
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 |
©ºÑºÍ×è¹æ - ´Ù·Ñé§ËÁ´
¤ÓáÅÐÇÅÕ·Õ辺ºèÍÂ
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