[PDF] Issues In East Asian Crisis eBook

Author : Ms.Kalpana Kochhar
Publisher : International Monetary Fund
Page : 56 pages
File Size : 36,10 MB
Release : 1998-09-01
Category : Business & Economics
ISBN : 1451935544

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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 : Jayati Ghosh
Publisher : Orient Blackswan
Page : 156 pages
File Size : 33,64 MB
Release : 2001
Category : East Asia
ISBN : 9788125018988

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To What Extent Does The East Asian Experience Provide Us With A Viable Model Of Economic Development? This Tract Seeks To Answer This Through A Careful Analysis Of The Long-Term Development Of The East Asian Economies And Their Recent Crisis. The Tract Shows The Contradictory Implications Of The Process Of Industrialisation And The Problems Of Unregulated Finance Which Makes Liberalised Economies Extra Sensitive To The Slightest Ripple In Investor Sentiments. To Understand The Specificities Of The East Asian Experience, The Tract Looks Carefully At The Histories Of Crises In Other Parts Of The World, And Provides A Powerful Critique Of The Imf Response To Them.

Author : Pietro P. Masina
Publisher : Psychology Press
Page : 341 pages
File Size : 50,20 MB
Release : 2002
Category : East Asia
ISBN : 0700712143

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Masina reassesses the last thirty years of economic development in East Asia in light of recent dramatic events, challenging scholars and policy makers to critically review development strategies.

Author : Peng Er Lam
Publisher : World Scientific
Page : 331 pages
File Size : 47,41 MB
Release : 2013
Category : Business & Economics
ISBN : 9814407275

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This book examines the need for greater East Asian cooperation and the challenges to this grand endeavor. With differing national outlooks, how can East Asia preserve peace, prosperity and stability amidst geopolitical competition? To answer this question, the volume examines the political and economic relations between Beijing and its neighbors against the backdrop of two trends: the power shift from the West to the East in the aftermath of the American Financial Crisis and the ongoing eurozone crisis, as well as the rise of China.

Author : Joseph E. Stiglitz
Publisher : World Bank Publications
Page : 538 pages
File Size : 31,73 MB
Release : 2001-06-01
Category : Political Science
ISBN : 0195216008

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This volume provides highly illuminating, analytic perspectives on key facets of the East Asian economies. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies, regulatory capability, and proposes remedies. Rethinking the East Asian Miracle is an indispensable book for all those with an interest in East Asia's prospects in the early decades of the new century.

Author : Morris Goldstein
Publisher : Peterson Institute
Page : 236 pages
File Size : 10,59 MB
Release : 1998
Category : Business & Economics
ISBN : 9780881322613

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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 : Ross Garnaut
Publisher : Routledge
Page : 357 pages
File Size : 17,54 MB
Release : 2002-01-22
Category : Social Science
ISBN : 1134640617

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The current economic crisis in East Asia is unprecedented in world economic history. It seemed the economic strength of the region, until very recently, would just keep growing. Now, the macroeconomic achievements of Asia are under threat and the economies of North America and Europe are feeling the results. This book brings together the thoughts of leading experts on the Asian economy and provides a broad and thorough analysis of the situation. It provides case studies from fourteen countries in the region, how the crisis developed and affected them, and the response from governments. There are other non-country specific chapters with a strong theoretical content which address issues such as causation, how such a crisis should be handled, how it might be avoided in the future, and the likely implications for on-going deregulatory and other economic reforms. This is an important authoritative account of one of the most extraordinary economic events and provides a broad synthesis of case studies and theoretical approaches from a variety of researchers with an intimate knowledge of the region.