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 6 - 10 จาก 88
หน้า 4
... Development Bank, and other countries in the region. Within weeks, this package proved inadequate, and on Christmas ... developments were enough, in themselves, to generate crises of the magnitude that ensued. The process of deeper ...
... Development Bank, and other countries in the region. Within weeks, this package proved inadequate, and on Christmas ... developments were enough, in themselves, to generate crises of the magnitude that ensued. The process of deeper ...
หน้า 5
... development. All the high-growth countries in the region (with the notable exception of China and arguably Taiwan) had either opened their capital accounts some time earlier or made moves to do so in recent years. A major source of ...
... development. All the high-growth countries in the region (with the notable exception of China and arguably Taiwan) had either opened their capital accounts some time earlier or made moves to do so in recent years. A major source of ...
หน้า 6
... development by the banks themselves, which tended to lend on the basis of collateral and personal relationships rather than cash flow; see chapter 1. 6 THE POLITICAL ECONOMY OF THE ASIAN FINANCIAL CRISIS 6. A number of political ...
... development by the banks themselves, which tended to lend on the basis of collateral and personal relationships rather than cash flow; see chapter 1. 6 THE POLITICAL ECONOMY OF THE ASIAN FINANCIAL CRISIS 6. A number of political ...
หน้า 7
... development in turn forced banks either to curtail lending or cease operations altogether, leading to yet further asset deflation. Kaminsky and Reinhart (1998) and Goldstein, Kaminsky, and Reinhart (2000) provide support for the ...
... development in turn forced banks either to curtail lending or cease operations altogether, leading to yet further asset deflation. Kaminsky and Reinhart (1998) and Goldstein, Kaminsky, and Reinhart (2000) provide support for the ...
หน้า 8
... developments alone that trigger the exit of 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) ...
... developments alone that trigger the exit of 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) ...
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