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THE POLITICAL ECONOMY OF THE ASIAN FINANCIAL CRISIS

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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. The volume... provides an excellent overview of both the theories and facts of the crisis. Strongly recommended for academic collections, lower-division undergraduate through research.

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Availability

10004921

332.095 HAG p

RLC MM (Rak Buku Umum)

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Detail Information

Series Title

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Statement of Responsibility

Stephan Haggard

Call Number

332.095 HAG p

Publisher

Washington : Institute for International Economics., 2000

Collation

xviii, 272 p. : ill. ; 23 cm.

Language

English

ISBN/ISSN

0-88132-283-0

Classification

332.095

Content Type

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Edition

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Subject(s)

Buku Umum
Finance
Case Studies
Financial Crises
Asia

Specific Detail Info

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