Financial Liberalization And The Economic Crisis In Asia
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| Author | : Yung Chul Park |
| Publisher | : Harvard University Press |
| Total Pages | : 375 |
| Release | : 2021-03-30 |
| Genre | : |
| ISBN | : 9780674251281 |
Korea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This study analyzes the changes in the financial system and finds that financial liberalization has contributed little to grow and stabilize the Korean economy.
| Author | : Mohamed Ariff |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 552 |
| Release | : 2000-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781781952733 |
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.
| Author | : T. J. Pempel |
| Publisher | : Cornell University Press |
| Total Pages | : 304 |
| Release | : 2018-09-05 |
| Genre | : Political Science |
| ISBN | : 1501729373 |
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.
| Author | : H. Chang |
| Publisher | : Springer |
| Total Pages | : 307 |
| Release | : 2001-06-11 |
| Genre | : Business & Economics |
| ISBN | : 0230518621 |
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.
| Author | : Carl-Johan Lindgren |
| Publisher | : |
| Total Pages | : 103 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9781557758712 |
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.
| Author | : Gregory W. Noble |
| Publisher | : Cambridge University Press |
| Total Pages | : 322 |
| Release | : 2000-09-11 |
| Genre | : Business & Economics |
| ISBN | : 9780521794220 |
An examination of the political and economic causes and consequences of the Asian financial crises.
| Author | : Jomo Kwame Sundaram |
| Publisher | : Hong Kong University Press |
| Total Pages | : 276 |
| Release | : 1998-01-01 |
| Genre | : Capital market |
| ISBN | : 9789622094758 |
This important 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 fis
| Author | : Ms.Kalpana Kochhar |
| Publisher | : International Monetary Fund |
| Total Pages | : 56 |
| Release | : 1998-09-01 |
| Genre | : Business & Economics |
| ISBN | : 1451935544 |
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.
| Author | : Chung H. Lee |
| Publisher | : Routledge |
| Total Pages | : 292 |
| Release | : 2003-08-29 |
| Genre | : Business & Economics |
| ISBN | : 113444334X |
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.
| Author | : Seiichi Masuyama |
| Publisher | : Institute of Southeast Asian Studies |
| Total Pages | : 392 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9789812300058 |
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.
