Download or read book Financial Liberalization and the Asian Crisis written by H. Chang and published by Springer. This book was released on 2001-06-11 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.
Download or read book Liberalization Growth and the Asian Financial Crisis written by Mohamed Ariff and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.
Download or read book Financial Liberalization and the Economic Crisis in Asia written by Chung H. Lee and published by Routledge. This book was released on 2003-08-29 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: What brought about a financial crisis in the "miracle" economies of Asia? What went wrong with financial reform in Asia? What can the developing countries of the world learn from the reform experiences in Asia? Financial Liberalization and the Economic Crisis in Asia analyses how financial liberalization was undertaken in eight Asian countries and how it might be linked to the subsequent crises. The country studies focus on China, India, Indonesia, Japan, Malaysia, the Philippines, South Korea and Thailand.
Download or read book Lessons from the Asian Financial Crisis written by Richard Carney and published by Routledge. This book was released on 2009-01-13 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors provide an overview of developments in the affected countries during the 1997 Asian financial crisis; lessons learned and corrective measures taken; lessons learned by regional and international actors; how domestic, regional, and international politics have affected the outcomes; the identification of potential future problems, and levels of preparedness.
Download or read book Global Markets and Financial Crises in Asia written by H. Khan and published by Springer. This book was released on 2004-05-21 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Khan presents a theory of financial crises in the age of globalization from an evolutionary perspective and suggests policies that may be necessary for averting or managing new financial crises. Starting with the Asian financial crises, he identifies new types of financial crises that result from a combination of liberalization, weak domestic institutions for economic governance and a chaotic global market system without global governance institutions. Suggested solutions involve building new institutions for global and domestic governance and domestic and international policy reforms.
Download or read book Economic Liberalization and Integration in East Asia written by Yŏng-chʻŏl Pak and published by Oxford University Press, USA. This book was released on 2006 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Park argues for the continuing validity of an 'East Asian' model of economic development that differs distinctly from the Washington Consensus. He argues that, while this model was undermined to some extent by the 1997-98 financial crisis, it remains robust and important in explaining economic events in East Asia.
Download or read book Financial Liberalization written by P. Arestis and published by Springer. This book was released on 2005-09-08 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial liberalization thesis emerged in the 1970s and has been of considerable importance ever since, not merely in terms of its theoretical influence but, perhaps more importantly, in terms of its impact on policy makers and policy debates. Although it has encountered increasing scepticism over the years, it nevertheless had a relatively early impact on development policy, which still continues unabated, through the work of the IMF and the World Bank. The latter two institutions, perhaps in their traditional role as promoters of what were claimed to be free market conditions, were keen to encourage financial liberalization policies as part of more general reforms or stabilization programmes. This book explores what we have learned from the vast experience of the theoretical and policy aspects of the financial liberalization.
Download or read book The Asian Financial Crisis written by Eddy Lee and published by International Labour Organization. This book was released on 1998 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the social impact of the Asian financial crisis which began in July 1997. Several countries experienced an economic shock of unprecedented severity after decades of uninterrupted growth. The severe rise in unemployment and its repercussions in the worst-affected countries (Thailand, Republic of Korea and Indonesia) overwhelmed the underdeveloped systems of social protection. Higher unemployment and inflation combined to push many people into poverty. A central policy message is that current programmes of policy and institutional reform following the crisis, should include a basic rethinking of the social dimension of the future model of development. The author also argues for the introduction of unemployment insurance, the expansion of social assistance and the strengthening of active labour market policies.
Download or read book Asian Economy and Finance written by Dilip K. Das-Gupta and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers the newest knowledge related to relevant themes on the Asian economies as well as the latest concepts. In a succinct manner, it deals with the principal normative and positive strands with which one need to be properly familiar in this subject area. The tightly written volume covers a great deal of ground and imparts knowledge on the Asian economy related themes to students, researchers and policy makers alike.
Download or read book The Asian Financial Crisis and the Architecture of Global Finance written by Gregory W. Noble and published by Cambridge University Press. This book was released on 2000-09-11 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the political and economic causes and consequences of the Asian financial crises.
Download or read book East Asia s Financial Systems written by Seiichi Masuyama and published by Institute of Southeast Asian Studies. This book was released on 1999 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Financial Crises Recovery Reforms written by Bhubanesh Pant and published by Atlantic Publishers & Dist. This book was released on 2000 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis That Originated In Thailand On July 2, 1997 Spread To Other Parts Of Asia, Particularly East Asia, Quite Rapidly. The Extent Of The Crisis, Its Spread To Economies That Had Revealed No Clear Grounds That Anything Was Wrong, And The Slow Recovery Came As A Shock To Most Analysts. Only When The Crisis Deepened Were The Fundamental Policy Shortcomings And Their Ramifications Fully Exposed. The Realization That While Financial Crises Cannot Be Eliminated Altogether, Much Could Be Done To Predict Them And Manage Them Better Has Led To Further Examination Of The Causes Of The Crisis.Against This Scenario, This Book Probes Into The Principal Factors That Led To The East Asian Crisis. Both The Pre-Crisis Period And The Post-Crisis Period Are Examined In Detail. The Imf S Controversial Role And Its Prescriptions For Resolving The Crisis Are Also Discussed At Length.As There Are Some Similarities Between The East Asian And The Mexican Financial Crisis, A Review Of The Latter Is Also Undertaken. The Instrumental Roles Played By Capital Flows, Exchange Rate Arrangements And The Weakness Of The Financial Systems Are Analyzed.Since Restructuring Is Necessary To Turn The Problem-Ridden Corporate Sector Into Sound And Healthy Ones In The Crisis-Affected Countries, It Is Important To Emphasize The Different Aspects Of Financial And Corporate Restructuring. The Options Of Restructuring, Vulnerabilities In The Corporate Sector, Importance Of A Bankruptcy Law And Debt-Workouts Are All Highlighted.As Financial Sector Policies In Least Developed Countries Have Undergone Profound Changes During The Last Three Decades, A Separate Chapter Has Been Devoted To This Topic Which Also Covers The Impact Of Financial Liberalization And The Issue Of Regulation And Supervision Of Banks.The Last Chapter Of This Book Attempts To Provide Some Broad Guidelines For Minimizing The Adverse Effects Of Financial Crises In The Future.
Download or read book The Asian Financial Crisis written by Shalendra Sharma and published by Manchester University Press. This book was released on 2018-07-30 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised 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 respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and 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.
Download or read book Regional Co operation Asian Recovery written by Peter A. Petri and published by Institute of Southeast Asian Studies. This book was released on 2000 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: A full acknowledgement of the dangers of analysis by hindsight leaves one with a simple question: if the origins of the Asian financial crisis lie in the structural flaws in the Asian financial system, then why did it occur when it did? What in the economic structure or fundamentals changed between the Asian Miracle and the Asian Crisis? Some slowdown in East Asian growth was probably inevitable after the fast pace of the preceding three decades. But the slowdown interacted badly with the highly-leveraged financial system. The crisis was the result. Asia Pacific Economic Co-operation (APEC) is about the things that can help the region put in place the policies and the infrastructure, human and capital, for sustainable growth over the coming years. The international community can play a role in supporting the process of reform. This book briefly assesses the Asian crisis, discusses financial systems for recovery, and the role of investment and trade flows and policies.
Download or read book The Politics of the Asian Economic Crisis written by T. J. Pempel and published by Cornell University Press. This book was released on 2018-09-05 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the summer of 1997, a tidal wave of economic problems swept across Asia. Currencies plummeted, banks failed, GNP stagnated, unemployment soared, and exports stalled. In short, the vaunted "Asian Economic Miracle" became the "Asian Economic Crisis"—with serious repercussions for nations and markets around the world. While the headlines are still fresh, a group of experts on the region presents the first account to focus on the political causes and implications of the crisis. The events of 1997–98 involved not just property values, financial flows, portfolio makeup, and debt ratios, they argue, but also the power relationships that shaped those economic indicators.As they examine the domestic, regional, and international politics that underlay the economic collapse, the authors analyze the reasons why the crisis affected the nations of Asia in radically different ways. The authors also consider whether the crisis indicates a radical change in Asia's economic future.
Download or read book Financial Sector Crisis and Restructuring written by Carl-Johan Lindgren and published by . This book was released on 1999 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Tigers in Trouble written by Jomo Kwame Sundaram and published by . This book was released on 1998 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a cogent critique of the nature of Southeast Asian capitalism. It argues powerfully that the crises are due not to excessive regulation, but to too much financial liberalisation and a consequent undermining of monetary and fiscal governance. While recognising some macroeconomic problems and abuses of state intervention in the region, the book also highlights the nature and implications of IMF and domestic policy responses which exacerbated the crises. The analysis contained in this book raises profound questions which resonate way beyond the Asian region itself. They relate to the appropriate role of the state, the policies of the IMF and the viability of the deregulated free market capitalist model which these and other Third World countries have been encouraged to pursue.
