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Author : Gregory W. Noble,John Ravenhill
Publisher : Cambridge University Press
Page : 322 pages
File Size : 45,6 Mb
Release : 2000-09-11
Category : Business & Economics
ISBN : 0521794226
An examination of the political and economic causes and consequences of the Asian financial crises.
Author : Shalendra Sharma
Publisher : Manchester University Press
Page : 422 pages
File Size : 45,5 Mb
Release : 2003-10-03
Category : Business & Economics
ISBN : 0719066034
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. The book will be vital to students of economics, international political economy, Asian and development studies.
Author : Masahiro Kawai,Peter J. Morgan,Pradumna B. Rana
Publisher : Edward Elgar Publishing
Page : 288 pages
File Size : 49,8 Mb
Release : 2014-11-28
Category : Business & Economics
ISBN : 9781783472208
Policymakers, academics, think tanks and practitioners will benefit from the international perspective of the book, particularly those interested in the influential Asian architecture. This book is also a useful reference tool for students of macroecon
Author : Richard Carney
Publisher : Routledge
Page : 352 pages
File Size : 55,6 Mb
Release : 2009-01-13
Category : Political Science
ISBN : 9781134017256
Nearly ten years after the Asian Financial Crisis, financial turmoil has reappeared – this time it is ravaging the world's wealthiest countries and dragging the global economy along for the ride. It forces one to reflect on the last major financial crisis to afflict the global economy, and to consider whether there are any similarities, and whether there are any lessons from that crisis that we can apply to the current one. Written by a distinguished group of individuals from government, the private sector, international organizations, and academia, this book provides an overview of developments in the main affected countries during the Asian Financial Crisis, as well as the lessons learned and corrective measures taken at the country, regional, and international levels. Importantly, attention is also paid to the areas where substantial improvements are needed. The current crisis heightens the relevance of these lessons. Lessons from the Asian Financial Crisis will be invaluable to those studying international relations, international finance, international economics and East Asian studies.
Author : Stephan Haggard
Publisher : Columbia University Press
Page : 304 pages
File Size : 42,9 Mb
Release : 2010-10-01
Category : Political Science
ISBN : 9780881323085
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.
Author : T. J. Pempel,Keiichi Tsunekawa
Publisher : Cornell University Press
Page : 280 pages
File Size : 42,6 Mb
Release : 2015-05-06
Category : Political Science
ISBN : 9780801455018
Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.
Author : Yun-jong Wang
Publisher : 대외경제정책연구원
Page : 64 pages
File Size : 52,5 Mb
Release : 1999
Category : Asian cooperation
ISBN : UCSD:31822029882230
Author : B. Thirkell-White
Publisher : Springer
Page : 278 pages
File Size : 41,7 Mb
Release : 2005-08-02
Category : Political Science
ISBN : 9780230514089
The Asian crisis triggered ongoing controversy over the IMF's role in a 'new international financial architecture'. This book argues for a political approach to crisis and reform, placing current debates in the context of the politics of financial regulation since Bretton Woods. It explores links between domestic political controversy over IMF policy in Indonesia, Korea, Malaysia and the United States and the broader politics of IMF decision-making. It argues that, unless political arrangements are reformed, the IMF will face further political challenges.
Author : Peter B. Kenen
Publisher : Peterson Institute
Page : 212 pages
File Size : 40,8 Mb
Release : 2001
Category : Business & Economics
ISBN : 0881322970
Kenen (economics and international finance, Princeton University) reviews the reform efforts that followed the 1994-95 Mexican crisis, and evaluates their results in the time since then. He compares the existing efforts with the more radical recommendations of the Meltzer Report, and considers the implications of his analysis for the role of the IMF. He then offers his own recommendations for further reform. c. Book News Inc.
Author : Geoffrey R. D. Underhill,Xiaoke Zhang
Publisher : Cambridge University Press
Page : 411 pages
File Size : 43,8 Mb
Release : 2003-04-03
Category : Business & Economics
ISBN : 9781139434843
Persistent episodes of global financial crises have placed the existing system of international monetary and financial governance under stress. The resulting economic turmoil provides a focal point for rethinking the norms and institutions of global financial architecture and the policy options of public and private authorities at national, regional and transnational levels. This volume moves beyond analysis of the causes and consequences of recent financial crises and concentrates on issues of policy. Written by distinguished scholars, it focuses on the tension between global market structures and national policy imperatives. Accessible to both specialists and general readers, the analysis is coherent across a broad range of theoretical and empirical cases. Offering a series of reasoned policy responses to financial integration and crises, the volume grapples directly with the institutional and often-neglected normative dimensions of international financial architecture. The volume thus constitutes required reading for scholars and policy-makers.
Author : Sandra Heep
Publisher : Springer Science & Business Media
Page : 171 pages
File Size : 53,7 Mb
Release : 2014-01-27
Category : Business & Economics
ISBN : 9783319024660
Against the backdrop of China’s increasingly influential role in the international financial architecture, this book seeks to characterize and evaluate China’s financial power potential. It does so by analyzing the relationship between domestic financial repression and international financial power in the context of the political economy of the developmental state. On the basis of a novel theoretical framework for the analysis of the financial power potential of developmental states, the book provides an in-depth analysis of China’s approach to currency internationalization, its creditor status and its policies towards the Bretton Woods institutions while contrasting the country’s present role in global finance with the position of the Japanese developmental state in the 1980s and 1990s.
Author : Ross P. Buckley
Publisher : Kluwer Law International B.V.
Page : 218 pages
File Size : 46,9 Mb
Release : 2009-01-01
Category : Law
ISBN : 9789041128683
Provides deep analyses of some of the devastating financial crises of the last quarter-centures by showing how such factors as the origins and destinations of loans, bank behaviour, bad timing, ignorance of history, trade regimes, capital flight, and corruption coalesce under certain circumstances to trigger a financial crash.
Author : ASEAN Studies Centre
Publisher : Institute of Southeast Asian Studies
Page : 62 pages
File Size : 51,7 Mb
Release : 2009
Category : Political Science
ISBN : 9789812309181
Discusses the current global financial crisis with views from experts in finance. The report hopes to contribute to analysis of the crisis, its implications for ASEAN and what ASEAN can do about it.
Author : Seiichi Masuyama,Donna Vandenbrink,Siow Yue Chia
Publisher : Institute of Southeast Asian Studies
Page : 392 pages
File Size : 54,7 Mb
Release : 1999
Category : Business & Economics
ISBN : 9812300058
Financial systems in the East Asian region are commanding worldwide attention. Japan's financial sector, with an ailing banking system in the aftermath of a bubble economy, is undergoing a "Big Bang" deregulation, liberalization, and securitization. At the same time, the rehabilitation of Southeast Asian and Korean economies in the wake of the Asian financial crisis awaits restoration of their banking sectors. The region's bank-dominated and development finance-oriented financial systems are coming into friction with global capital markets that lack adequate architecture. In this volume, researchers from ten East Asian think- tanks analyse the financial systems in their respective economies. They survey the financial sector deregulation and liberalization that took place in the midst of economic booms and they evaluate the role of the financial systems in the region's current economic misfortunes. Together, the pieces in this volume lay the groundwork for understanding how financial systems in East Asia have evolved as the economies have grown more complex and capital markets have globalized, and how these systems must adapt to move beyond today's crisis to serve the region's economies in the future.
Author : Masahiro Kawai,Mario B. Lamberte,Yung Chul Park
Publisher : OUP Oxford
Page : 343 pages
File Size : 46,8 Mb
Release : 2012-10-25
Category : Business & Economics
ISBN : 9780191636738
This book aims to identify and analyze the impact of the 2007-09 global financial crisis on Asian economies and to assess the short-term and longer-term policy responses to the crisis in terms of their effectiveness and sustainability. It draws lessons on how best to avoid and/or mitigate future crises and to identify structural policy recommendations that can help guide Asian policymakers to expand the growth potential of domestic and regional demand in coming years, and thereby create a basis for sustainable and inclusive long-term growth. Organized into four parts, it offers an accessible explanation of the causes, consequences, and contagion mechanisms of the crisis. Part 1 provides an overview of the major issues and presents policy recommendations. Part 2 reviews the crisis in the US and its transmission to Europe. Part 3 focuses on the impact on Asia. And Part 4 concludes lessons of the crisis for Asian countries. The volume highlights that Asian economies have already recovered strongly from the global financial crisis, reflecting their aggressive moves to ease monetary and fiscal policy as well as the underlying fundamental strength of their economies. However, the biggest challenge lies ahead. It asserts that, given that it is unlikely that the US and Europe will be engines of global growth, Asian economies should contribute to global economic adjustment by creating their own growth engines.
