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.

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Yes, you can access Financial Liberalization and the Asian Crisis by H. Chang, G. Palma, D. Whittaker, H. Chang,G. Palma,D. Whittaker in PDF and/or ePUB format, as well as other popular books in Economics & Development Economics. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Palgrave Macmillan

Year

2001

ISBN

9780230518629

Topic

Economics

Subtopic

Development Economics

Index

Economics

Cover
Contents
List of Figures and Tables
List of Contributors
1 Introduction
2 Economic Crisis in East Asia: The Clash of Capitalisms
3 Capital Market Crises: Liberalization, Fixed Exchange Rates and Market-driven Destabilization
4 Derivatives and Global Capital Flows: Applications to Asia
5 From ‘Miracle’ to ‘Cronyism’: Explaining the Great Asian Slump
6 Thailand’s Crisis: Neo-Liberal Agenda and Local Reaction
7 Malaysian Débâcle: Whose Fault?
8 Indonesia: From Showcase to Basket Case
9 Interpreting the Korean Crisis: Financial Liberalization, Industrial Policy and Corporate Governance
10 Fashioning a New Korean Model out of the Crisis: The Rebuilding of Institutional Capabilities
11 Japan’s Crisis: Evolution and Implications
12 Responses to the Crisis: Constraints to Rapid Trade Adjustment in East Asia’s Electronics Industry
13 Asian Crisis and the Future of the Japanese Model
14 The Economic Impact of the Asian Crisis on India and China
15 Three-and-a-half Cycles of ‘Mania, Panic, and [Asymmetric] Crash’: East Asia and Latin America Compared
Index
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