The Asian Financial Crisis

Crisis, reform and recovery
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ISBN-13:
9780719066030
Veröffentl:
2003
Einband:
Paperback
Erscheinungsdatum:
01.10.2003
Seiten:
410
Autor:
Shalendra Sharma
Gewicht:
620 g
Format:
234x156x23 mm
Sprache:
Englisch
Beschreibung:
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.
The Asian financial crisis of 1997-98 shook 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? This study provides answers to this and other questions.
1. Introduction: Issues, debates and an overview of the crisis2. Thailand: crisis, reform and recovery3. Indonesia: crisis, reform and recovery4. Korea: crisis, reform and recovery5. The domino that did not fall: Why China survived the crisis6. Beyond the Asian crisis: the evolving international financial architecture7. Conclusion: post crisis Asia: economic recovery, 11 September 2001and the challenges ahead