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
หน้า 1
... substantial adjustments on Indonesia in the mid-1980s, and a number of Southeast Asian countries experienced recession in 1985-86. But since the period of high growth began—a period that dates to the 1960s for Hong Kong, Singapore ...
... substantial adjustments on Indonesia in the mid-1980s, and a number of Southeast Asian countries experienced recession in 1985-86. But since the period of high growth began—a period that dates to the 1960s for Hong Kong, Singapore ...
หน้า 2
... substantial political resistance and the reform movement appears to have slowed. However, longer-run institutional, legal, and policy changes put in place in the wake of the crisis are gradually transforming financial systems, corporate ...
... substantial political resistance and the reform movement appears to have slowed. However, longer-run institutional, legal, and policy changes put in place in the wake of the crisis are gradually transforming financial systems, corporate ...
หน้า 5
... substantially from levels that had been financed by private capital inflows in the past. Moreover, the extent of overvaluation was certainly not profound.3However, the fixed rate regime nonetheless encouraged excessive risk-taking ...
... substantially from levels that had been financed by private capital inflows in the past. Moreover, the extent of overvaluation was certainly not profound.3However, the fixed rate regime nonetheless encouraged excessive risk-taking ...
หน้า 6
... substantial overshooting of exchange rate adjustments that followed its onset (Radelet and Sachs 1998a, 1998b). When such crises start in one country, there are a variety of channels through which they can be propagated to other ...
... substantial overshooting of exchange rate adjustments that followed its onset (Radelet and Sachs 1998a, 1998b). When such crises start in one country, there are a variety of channels through which they can be propagated to other ...
หน้า 8
... substantial political cost in the form of an adequate increase in interest rates, a decline in real wages, or—if necessary—an adjustment of the peg. It is thus not economic developments alone that trigger the exit of investors, but the ...
... substantial political cost in the form of an adequate increase in interest rates, a decline in real wages, or—if necessary—an adjustment of the peg. It is thus not economic developments alone that trigger the exit of investors, but the ...
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