The Asian Financial Crisis and the Architecture of Global Finance (Cambridge Asia-Pacific Studies)

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Binding: Paperback Dewey Decimal Number: 332.095 EAN: 9780521794220 ISBN: 0521794226 Label: Cambridge University Press Manufacturer: Cambridge University Press Number Of Items: 1 Number Of Pages: 328 Publication Date: 2000-09-11 Publisher: Cambridge University Press Studio: Cambridge University Press
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Editorial Reviews: The financial crises across Asia in 1997-98 ignited fierce debate about domestic economic weaknesses and flaws in the international financial system. Some analysts blamed Asian governments for inadequate prudential supervision, widespread failures of corporate governance and even "crony capitalism." Others assailed the inherent instability of global financial markets and what they considered to be hasty and ill-conceived liberalization taken at the behest of western-dominated international financial institutions. In this volume a distinguished group of political scientists, economists, and practitioners examines the political and economic causes and consequences of the crisis. To what extent were domestic economic factors to blame for the crisis? Why were some economies more prone to crisis than others? What are the costs and benefits of international financial liberalization? Who bears the risks and the costs of measures taken to reduce them? And what are the prospects for reform of the International Monetary Fund, international banking standards, and foreign exchange systems?
Spotlight customer reviews: Customer Rating: Summary: Disappointing Comment: Ravenhill and Noble have edited a disappointing collection. The topic is of great importance, but the collection is shallow. This might be because it was brought together rather quickly, when the discussion of the Asian Crisis was still somewhat recent. However, the contributors do not come to grips with the long term consequences of the crisis and nor do they offer a very deep analysis of the genesis of the crisis. There is little deep discussion of over-production, global production trends, inequality or poverty. I expected more from the editors and authors. More Reviews