Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 55,6 Mb
Release : 2024-06-28
Category : Electronic
ISBN : 9789814495585
IMF and the Asian Financial Crisis
Anonim
Imf And The Asian Financial Crisis
Imf And The Asian Financial Crisis Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Imf And The Asian Financial Crisis book. This book definitely worth reading, it is an incredibly well-written.
Financial Sector Crisis and Restructuring
Carl-Johan Lindgren,Charles Enoch,Leslie Teo
Author : Carl-Johan Lindgren,Charles Enoch,Leslie Teo
Publisher : Unknown
Page : 103 pages
File Size : 52,5 Mb
Release : 1999
Category : Business & Economics
ISBN : 1557758719
Financial Sector Crisis and Restructuring by Carl-Johan Lindgren,Charles Enoch,Leslie Teo Pdf
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
Financial Sector Crisis and Restructuring
Leslie Teo
Author : Leslie Teo
Publisher : Unknown
Page : 0 pages
File Size : 49,9 Mb
Release : 1999
Category : Electronic
ISBN : OCLC:815752255
Financial Sector Crisis and Restructuring by Leslie Teo Pdf
This paper reviews the policy responses of Indonesia, Korea, and Thailand to the Asian crisis that erupted in 1997 and compares the actions of these three countries with those of Malaysia and the Philippines, which were buffeted by the crisis. Although work is still under way in all the affected countries, and thus any judgements are necessarily tentative, important lessons can be learned from the various experience of the last two years.
Asian Financial crises
International Monetary Fund
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 541 pages
File Size : 50,7 Mb
Release : 2001-01-16
Category : Business & Economics
ISBN : 9781451965476
Asian Financial crises by International Monetary Fund Pdf
This paper analyzes the origins, implications, and solutions for the Asian financial crisis. From the perspective of a member of the Executive Board of the IMF, as Asian problems were building, the IMF overlooked weaknesses in bank and corporate balance sheets in much of Asia: the IMF was unaware of the extraordinary leverage of Korean companies, which in some cases reached a ratio of 600/1 debt to equity. The IMF did not focus on the weak accounting and disclosure practices of banks and nonbanks or generous rollovers of banks to their key clients.
The Asian Financial Crisis
Morris Goldstein
Author : Morris Goldstein
Publisher : Peterson Institute for International Economics
Page : 110 pages
File Size : 42,6 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105021275123
The Asian Financial Crisis by Morris Goldstein Pdf
The turmoil that has rocked Asian markets since the middle of 1997, and that is now having such deep effects on the economies in the region, is the third major currency crisis of the 1990s. This study explains how the Asian crisis arose and spread. It then outlines the corrective policy measures that could help end the crisis, and the shortcomings that have been revealed in the international financial system that require reform to reduce the chances of a recurrence.
The Asian Financial Crisis: Origins, Implications, and Solutions
William C. Hunter,George G. Kaufman,Thomas H. Krueger
Author : William C. Hunter,George G. Kaufman,Thomas H. Krueger
Publisher : Springer Science & Business Media
Page : 513 pages
File Size : 41,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461551553
The Asian Financial Crisis: Origins, Implications, and Solutions by William C. Hunter,George G. Kaufman,Thomas H. Krueger Pdf
In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major financial crises evinced by widespread bank insolvencies and currency depreciations, as well as sharp declines in gross domestic production. This sudden disruption of the Asian economic `miracle' astounded many observers around the world, raised questions about the stability of the international financial system and caused widespread fear that this financial crisis would spread to other countries. What has been called the Asian crisis followed a prolonged slump in Japan dating from the early 1980s and came after the Mexican currency crisis in the mid-1990s. Thus, the Asian crisis became a major policy concern at the International Monetary Fund as well as among developed countries whose cooperation in dealing with such financial crises is necessary to maintain the stability and efficiency of global financial markets. This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago and the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants included a broad range of academic, industry, and regulatory experts representing more than thirty countries. Topics discussed included the origin of the individual crises; early warning indicators; the role played by the global financial sector in this crisis; how, given an international safety net, potential risks of moral hazard might contribute to further crises; the lessons for the international financial system to be drawn from the Asian crisis; and what the role of the International Monetary Fund might be in future rescue operations. Because the discussions of these topics include a wide diversity of critical views and opinions, the book offers a particularly rich presentation of current and evolving thinking on the causes and preventions of international banking and monetary crises. The book promises to be one of the timeliest as well as one of the most complete treatments of the Asian financial crisis and its implications for future policymaking.
The Asia Crisis
Mr.Andrew Berg
Author : Mr.Andrew Berg
Publisher : International Monetary Fund
Page : 63 pages
File Size : 52,8 Mb
Release : 1999-10-01
Category : Business & Economics
ISBN : 9781451855968
The Asia Crisis by Mr.Andrew Berg Pdf
This paper tells the story of the Asian financial crisis by addressing four questions: What were the causes of the crisis, how did the crisis unfold, what were the policy responses, and what have been the outcomes? The paper takes the view that none of these questions can be understood without appreciating the fundamental vulnerabilities that left authorities without effective tools to counter sudden capital outflows. The pattern of output decline suggests that these vulnerabilities, particularly weaknesses in domestic financial systems, played a larger role than tight monetary policy in determining outcomes.
The Asian Financial Crisis and the Architecture of Global Finance
Gregory W. Noble,John Ravenhill
Author : Gregory W. Noble,John Ravenhill
Publisher : Cambridge University Press
Page : 322 pages
File Size : 49,9 Mb
Release : 2000-09-11
Category : Business & Economics
ISBN : 0521794226
The Asian Financial Crisis and the Architecture of Global Finance by Gregory W. Noble,John Ravenhill Pdf
An examination of the political and economic causes and consequences of the Asian financial crises.
Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation—with Reference to the Asian Financial Crisis
Zhaohui Chen,Mr.Jorge A. Chan-Lau
Author : Zhaohui Chen,Mr.Jorge A. Chan-Lau
Publisher : International Monetary Fund
Page : 25 pages
File Size : 41,6 Mb
Release : 1998-09-01
Category : Business & Economics
ISBN : 9781451935998
Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation—with Reference to the Asian Financial Crisis by Zhaohui Chen,Mr.Jorge A. Chan-Lau Pdf
This paper develops a model of private debt financing under inefficient financial intermediation. It suggests a mechanism that can generate the following sequence of events observed in the recent Asian crisis: A period of relatively low capital flow despite a steady improvement in economic fundamentals (capital inflow inertia), followed by a fast buildup of capital inflow, and ended with a large capital outflow and domestic credit crunch. Unlike other models requiring large movements in fundamentals or asset prices to explain a financial crisis, this model can exhibit large credit/capital flow swings with moderate changes in the economic and market environment.
A Comparison of the Behaviour of the IMF in the Asian and European Financial Crises
Maria Krummenacher
Author : Maria Krummenacher
Publisher : Unknown
Page : 24 pages
File Size : 50,9 Mb
Release : 2013-08
Category : Electronic
ISBN : 3656466394
A Comparison of the Behaviour of the IMF in the Asian and European Financial Crises by Maria Krummenacher Pdf
Seminar paper from the year 2012 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,0, University of Potsdam (Wirtschafts- und Sozialwissenschaftliche Fakultat), language: English, abstract: This paper will deal with the behaviour of the International Monetary Fund during the financial crises in Asia of the 1990s and the current financial crisis in Europe. The main interest lies in whether the political environment in Europe with the third party European Union (EU) and the institutions of the euro area causes a different incentive and power structure leading to a different behaviour on the part of the IMF in the European crisis when compared to the Asian crisis. In Asia, the IMF was confronted with a more or less conventional regional financial crisis and it put together an individual programme for every country asking for help. In Europe on the other hand the EU represents a new, supranational, sovereign institution that has power over its member states and has become the linchpin when dealing with the European financial crisis. My thesis is that the EU-institutions (most notably the Council of the European Union, the European Commission and the European Central Bank) took over the role the IMF had in the Asian crisis and now act as the authorities that link the financial aid to conditionalities while the IMF is marginalized into the simple task of providing financial assistance What the paper doesn t want to do: No assessment of the failure or success of the IMFs rescue packages for the Asian and European countries will be given. This goes beyond the initial interest and in case of the European crisis it is too early to assess as the crisis is still ongoing. Furthermore, the paper will abstract from the differences between the crises in Asia and Europe in terms of economic difficulties (exchange rate crisis, crisis of the financial sector, debt crisis). I think this is reasonable considering the focus does not
The Chastening
Paul Blustein
Author : Paul Blustein
Publisher : PublicAffairs
Page : 454 pages
File Size : 44,6 Mb
Release : 2003-05-08
Category : Political Science
ISBN : 9780786724697
The Chastening by Paul Blustein Pdf
Lauded by reviewers and scholars alike, Paul Blustein's The Chastening examines the role of the International Monetary Fund in the series of economic crises that rocked the globe in the last decade. Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments, The Chastening offers a behind-the-scenes look at the Fund during an extraordinarily turbulent period in modern economic history and at a time when the IMF has become the object of intense political controversy. While the IMF and its overseers at the Treasury and the Fed have sought to cultivate an image of economic masterminds coolly dispensing effective economic remedies, the reality is that as markets were sinking and defaults looming, the guardians of global financial stability were often floundering, improvising, and feuding among themselves. The Chastening casts serious doubt on the IMF's ability to combat of investor panics at a time when massive flows of money traverse borders and oceans. A readable, compelling account of the deeply flawed workings of the international political system, The Chastening is vital reading for students and scholars of international diplomacy, government, and economic and public policy.
The Asian Financial Crisis
Shalendra D. Sharma
Author : Shalendra D. Sharma
Publisher : Unknown
Page : 416 pages
File Size : 41,6 Mb
Release : 2003
Category : Business & Economics
ISBN : UCSD:31822033014341
The Asian Financial Crisis by Shalendra D. Sharma Pdf
The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles," respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China remain conspicuously insulated from the turmoil raging in its midst? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.
Financial Crises and Asia
Centre for Economic Policy Research (Great Britain)
Author : Centre for Economic Policy Research (Great Britain)
Publisher : Centre for Economic Policy Research
Page : 84 pages
File Size : 46,8 Mb
Release : 1998
Category : Asia
ISBN : 1898128367
Financial Crises and Asia by Centre for Economic Policy Research (Great Britain) Pdf
Asset price volatility on world financial markets and foreign exchange markets has increased significantly since the Mexican peso crisis of December 1994. The Asian financial crisis, still underway, will leave significant costs in its wake. The notion that emerging markets can sort out their own problems if left to their own devices is no longer plausible, and policymakers cannot afford to adopt a laissez-faire attitude to this issue. The traditional IMF response of containment is a debatable solution. This report addresses these issues with emphasis on the important lessons that can be learned from the recent events in Asia.
The East Asian Crisis
Ms.Kalpana Kochhar,Mr.Prakash Loungani,Mr.Mark R. Stone
Author : Ms.Kalpana Kochhar,Mr.Prakash Loungani,Mr.Mark R. Stone
Publisher : International Monetary Fund
Page : 56 pages
File Size : 49,8 Mb
Release : 1998-09-01
Category : Business & Economics
ISBN : 9781451935547
The East Asian Crisis by Ms.Kalpana Kochhar,Mr.Prakash Loungani,Mr.Mark R. Stone Pdf
This paper reviews macroeconomic developments during the first year of the crisis in east Asia and draws some preliminary policy lessons. The crisis is rooted in the interaction of large capital inflows and weak private and public sector governance. At the same time, macroeconomic adjustment in these countries has resulted in some surprising outcomes, including severe economic contractions, low inflation, and rapid external adjustment. The lessons for crisis resolution include the importance of tight monetary policy early on for exchange rate stabilization, flexible fiscal policy, and comprehensive structural reform. Crises are avoided by prudent macroeconomic policies, diligent bank supervision, transparent data dissemination, strong governance, and forward-looking policymaking, even in good times.
Financial Market Contagion in the Asian Crisis
Mr.Taimur Baig,Mr.Ilan Goldfajn
Author : Mr.Taimur Baig,Mr.Ilan Goldfajn
Publisher : International Monetary Fund
Page : 60 pages
File Size : 43,9 Mb
Release : 1998-11-01
Category : Business & Economics
ISBN : 9781451857283
Financial Market Contagion in the Asian Crisis by Mr.Taimur Baig,Mr.Ilan Goldfajn Pdf
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and the Philippines. Cross-country correlations among currencies and sovereign spreads are found to increase significantly during the crisis period, whereas the equity market correlations offer mixed evidence. A set of dummy variables using daily news is constructed to capture the impact of own-country and cross-border news on the markets. After controlling for own-country news and other fundamentals, the paper shows evidence of cross-border contagion in the currency and equity markets.
