The Causes And Impact Of The Asian Financial Crisis

Author : C. Harvie,Tran Van Hoa
Publisher : Springer
Page : 243 pages
File Size : 52,8 Mb
Release : 2016-01-20
Category : Business & Economics
ISBN : 9780333982945

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The Causes and Impact of the Asian Financial Crisis by C. Harvie,Tran Van Hoa Pdf

As witness to one of the world's great crises in recent times, academics and students, business people, national and international government analysts, policy makers and political leaders worldwide have been pre-occupied by an effort to adequately unravel or sufficiently understand the factors that have brought about the so-called Asian financial, currency or economic crisis and hopefully to find plausible cures or solutions to it. This book examines the impact of economic globalization in developing economies and it applies empirical studies of all of the major countries to theoretical perspectives on the crisis.

Author : Van Hoa Tran,Charles Harvie
Publisher : Unknown
Page : 232 pages
File Size : 53,6 Mb
Release : 1999
Category : Asia
ISBN : 1349278378

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The Causes and Impact of the Asian Financial Crisis by Van Hoa Tran,Charles Harvie Pdf

Author : Yunpeng Zhu,Hal Hill
Publisher : Edward Elgar Publishing
Page : 280 pages
File Size : 54,7 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 1782541942

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The Social Impact of the Asian Financial Crisis by Yunpeng Zhu,Hal Hill Pdf

This volume presents a scholarly insider's perspective on the Asian economic crisis, examining the social, economic and political consequences of the crisis in six influential Asian economies: Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand. Each chapter contains an analysis of the events leading up to and during the crisis, the social impacts and an assessment of possible futures for these countries. The contributors expertise and use of up-to-date data ensures an integrated approach by which the process of economic change can be understood. The book reveals that professional workers in the urban financial sector, as well as manual labourers in the export sector, felt the most dramatic effects. Impacts on the latter group resulted in a significant rise in the population living below the poverty line. The book emphasises the previous absence of strong social security 'nets' and the need to strengthen macroeconomic policies and institutional, legal, regulatory and supervisory structures. Other topics covered include intractable government corruption and fiscal management.

Author : Karl Jackson
Publisher : Routledge
Page : 329 pages
File Size : 45,9 Mb
Release : 2018-03-05
Category : Political Science
ISBN : 9780429970726

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Asian Contagion by Karl Jackson Pdf

For much of the second half of the twentieth century, the Asian economic "miracle" has fueled the greatest expansion of wealth for the largest population in the history of mankind. In the summer of 1997, thirty years of economic boom came crashing back to earth. The reality of unrestrained speculation, inefficiently regulated currency exchange, banking instability and bad loans have struck the much-vaunted "Asian Tigers" like Thailand, Indonesia, Korea, and, finally, Japan, casting a shadow of uncertainty on a region recently to the fore in the world economic system. Recovery depends largely on reform within the Asian economies themselves and a cold assessment of the structural weaknesses that lay under the surface, but only now have come to light. The implications for world economies and, more broadly, the dynamics of world politics, are tremendous.

Author : Morris Goldstein
Publisher : Peterson Institute
Page : 236 pages
File Size : 45,5 Mb
Release : 1998
Category : Business & Economics
ISBN : 088132261X

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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.

Author : Mr.Andrew Berg
Publisher : International Monetary Fund
Page : 63 pages
File Size : 40,6 Mb
Release : 1999-10-01
Category : Business & Economics
ISBN : 9781451855968

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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.

Author : Pierre-Richard Agénor
Publisher : Cambridge University Press
Page : 446 pages
File Size : 46,5 Mb
Release : 1999-11-04
Category : Business & Economics
ISBN : 9780521770804

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The Asian Financial Crisis by Pierre-Richard Agénor Pdf

Presents the first theoretical analysis of the Asian financial crisis and draws out the general lessons of an event whose potential long term effects have been likened to those of the Crash of 1929. Part I presents a factual and analytic overview of what happened: the role of 'vulnerability'; the interconnection between currency crises and financial crises; and why crisis turned into collapse. Part II considers more detailed issues, including how the inflation of non-traded goods prices created vulnerability, welfare-reducing capital inflow owing to under-regulated financial markets, and the onset of speculative attacks. Part III assesses all aspects of contagion, in particular the role of geographic proximity. The final section addresses policy issues. Joseph Stiglitz argues that there is much that can be done to reduce the frequency of crises and to mitigate the severity of crises when they happen. The book finishes with a round-table discussion of policy issues.

Author : Gregory W. Noble,John Ravenhill
Publisher : Cambridge University Press
Page : 322 pages
File Size : 42,9 Mb
Release : 2000-09-11
Category : Business & Economics
ISBN : 0521794226

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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.

Author : Van Hoa Tran
Publisher : Unknown
Page : 25 pages
File Size : 50,6 Mb
Release : 2000
Category : Asia
ISBN : 0864187157

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The Asian Financial Crisis by Van Hoa Tran Pdf

Author : Daigee Shaw,Bih Jane Liu
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 53,8 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9780857931702

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The Impact of the Economic Crisis on East Asia by Daigee Shaw,Bih Jane Liu Pdf

This insightful book explores the economic conditions and policy response of four major East Asian economies in the wake of the 2008 global economic crisis. Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response over the past few years, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only offers an assessment of the impacts of the crisis, and identifies specific country measures that can be undertaken to stabilize the situation, but also looks at the crisis from three important economic perspectives: that of a healthy fiscal system, international trade, and the energy market. This insightful research monograph will be gratefully received by academics in economics and development studies as well as public policy think tanks. Government economic planning agencies in emerging countries, as well as international economic organizations and institutions such as World Bank and United Nations will also find plenty of key insights and important information in this path-breaking book.

Author : Masahiro Kawai,Mario B. Lamberte,Yung Chul Park
Publisher : OUP Oxford
Page : 343 pages
File Size : 41,9 Mb
Release : 2012-10-25
Category : Business & Economics
ISBN : 9780191636738

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The Global Financial Crisis and Asia by Masahiro Kawai,Mario B. Lamberte,Yung Chul Park Pdf

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.

Author : Koichi Mera,Bertrand Renaud
Publisher : Routledge
Page : 313 pages
File Size : 43,6 Mb
Release : 2016-07-08
Category : Business & Economics
ISBN : 9781315500003

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Asia's Financial Crisis and the Role of Real Estate by Koichi Mera,Bertrand Renaud Pdf

This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.

Author : David Fu-Keung Ip,Constance Lever-Tracy,Noel Tracy
Publisher : Routledge
Page : 294 pages
File Size : 40,6 Mb
Release : 2020-08-26
Category : Business & Economics
ISBN : 9781000160642

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Chinese Business and the Asian Crisis by David Fu-Keung Ip,Constance Lever-Tracy,Noel Tracy Pdf

This title was first published in 2000: The Asian financial crisis and its aftermath provide a crucible in which Chinese diaspora capitalism has been tested, and a prism through which its strengths and weaknesses may be seen in a different light. The papers collected in this volume are in many ways still tentative. Some represent work-in-progress reports on as yet uncompleted research. In other cases, outcomes explored are still unclear or have not even yet fully unfolded. The aim is to focus on the consquences for diaspora Chinese capitalists and to start trying to identify losers and winners in the new landscape, re-evaluating their business culture, strategies and modes of operation, and their likely future direction and potential. The book begins by setting the scene for the Asian crisis and the achievements of the "Asian miracle". It then goes on to examine the causes of the financial crash, the firms that were able to ride the crisis, the Taiwanese economy as a whole, the fortunes of diaspora ventures in China, the small and medium enterprises at the heart of Chinese diaspora capitalism, the impact of the crisis on large Chinese business groups, and finally, the book debunks the theory that the rise of East Asia was initiated by Japan.

Author : William C. Hunter,George G. Kaufman,Thomas H. Krueger
Publisher : Springer Science & Business Media
Page : 513 pages
File Size : 47,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461551553

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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.

Author : Karl Jackson
Publisher : Westview Press
Page : 328 pages
File Size : 53,6 Mb
Release : 1999-01-01
Category : History
ISBN : 0813390354

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Asian Contagion by Karl Jackson Pdf

For much of the second half of the twentieth century, the Asian economic “miracle” has fueled the greatest expansion of wealth for the largest population in the history of mankind. In the summer of 1997, thirty years of economic boom came crashing back to earth. The reality of unrestrained speculation, misallocated private investment, fixed exchange rates, and inadequately supervised banks has struck the much-vaunted “Asian Tigers” like Thailand, Indonesia, Korea, and finally, Japan, casting a shadow of uncertainty on a region recently at the forefront of the world economic system. Recovery depends largely on reform within the Asian economies themselves and a cold assessment of the structural weaknesses that lay under the surface, but only now have come to light. The implications for world economies and, more broadly, the dynamics of world politics, are tremendous.In Asian Contagion: The Causes and Consequences of a Financial Crisis, Karl D. Jackson, director of the Southeast Asia Studies Program at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University, has commissioned a group of leading experts on business and economic policymaking in Asia in an effort to provide the most up-to-date overview available on the Asian downturn. Each author considers one nation—Japan, China, India, Thailand, Indonesia, Korea, the Philippines, and Vietnam—and the country analysis is framed by an introductory chapter on the roots of the crisis. The chapters consider the most current economic statistics, but view them with an overriding attention to contextualization rather than a more perishable micro focus.