the asian financial crisis causes contagion and consequences pdf

goldstein - the asian financial crisis; causes, cures, and systemic implications (1998)

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hoa & harvie - the causes and impact of the asian financial crisis (2000)

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foster - the great financial crisis; causes and consequences (2009)

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sharma - the asian financial crisis; crisis, reform and recovery (2003)

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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 1 pot

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... neces-sarily lead to ﬁnancial crisis otherwise, what can explain the relative insulation from the Asian crisis for countries such as China and India? In the ten years since the Asian crisis, many scholarly ... analyses on the root causes of the Asian crisis, and the lessons that need to be learned, is extensive. Scholars and analysts debate a wide diversity of arguments and counter-arguments, and thus, ... Muchhala| 6 | The various participants in the Asian crisis ranged from Wall Street to Jakarta. Asian and Western governments, the private sector, and the International Monetary Fund (IMF, or the Fund),...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 2 docx

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... Chinese capitalism and local East Asian economies.David Burton, the director for the Asia and Pacific department at the IMF, offers the perspectives of the Fund on the causes of the crisis. In his ... holdings and have, for the most part, removed themselves from the influence of the Fund. The author writes of the pro-cess through which the authority and credibility of the Fund was further undermined ... financial liberalization, and the exacerbation of the crisis to the policies and programs of the IMF. Meanwhile, in her essay Woo describes the financial crisis as a “liquidity crisis, exacerbated...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 3 ppsx

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... from the 1997–98 Asian Debacle?| 27 | the U.S. Treasury, the IMF, the World Bank and elsewhere cite the Asian financial crisis to criticize the preceding “East Asian Miracle” as flawed. The crisis ... liberalization in the East Asian region was the larger context which facilitated processes leading to the crisis. The Asian financial crisis was also exacerbated by the policy con-ditionalities and influence ... recession in the mid-1980s and the banking crisis that followed, which led to a tight-ening of regulatory control with the Banking and Financial Institutions Act of 1989. At the beginning of the 1990s,...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 4 pot

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... Indonesia U.S. $700 million.3 The basic differences in the arguments and theories about the Asian crisis are hinged to the central question of whether the causes of the cri-sis originated domestically, ... after the crisis, the Korean won and the Singapore dollar have recovered 90-95 percent of their respective rates. The Thai baht and the Malaysian ringgit recov-ered 70 percent of their pre -crisis ... 1998, the rupiah was at the epicenter of the crisis. After the Asian contagion, the crisis erupted in Russia (1998), Brazil (1998-1999), Turkey (2000-2001) and Argentina (2000-2001).Despite the...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 5 ppt

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... East Asian economies—especially the South Korean one—regardless of the causes of the crisis, and the ofﬁcials of the IMF doing what they were expected to do, pressuring the distressed Asian ... Malaysia, Thailand and Indonesia—were more or less back on their feet. Those who had quarreled over the causes of the ﬁnancial crisis such as the sister institutions, the World Bank and the International ... 1998 the East and Southeast Asian contagion was over, and the a century after the unparalleled InVasIon: east asIa after the crIsIs Meredith Jung-En Woo is professor of political science at the...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 6 docx

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... Press, 1993). Asia and the International Monetary Fund: Ten Years After the Asian Crisis | 69 |As a result of these changes at both the national and regional level, the strength and resilience ... feel that they have an adequate voice in the Fund—that the Fund is their institution. Asia and the International Monetary Fund: Ten Years After the Asian Crisis | 65 |region over the past decade ... Economics and the University of Manchester, and holds a Ph.D. in economics from the University of Western Ontario. Asia and the International Monetary Fund: Ten Years After the Asian Crisis |...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 7 potx

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... Standards usually beneﬁt some participants more than others. The standards com-ing out from the Basel Committee, the IMF, the FSF, and the like and the surveillance coming out in line with the ... MIT, and Brown Universities, and previously worked as an economist in the World Bank and in the Ofﬁce of Technology Assessment in the U.S. Congress. The Aftermath of the Asian Financial Crisis | ... NIFA proposals, there has been real movement in the area of global economic standardization, such as The Aftermath of the Asian Financial Crisis | 79 | the standards, through the formal mechanisms...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 8 pot

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... 115-27. The Aftermath of the Asian Financial Crisis | 87 |tries are in constituencies whose executive directors are always from de-veloped countries (like Belgium, the Netherlands, Spain, and Italy). ... banks. The process of formulating how to strengthen the global financial system after the Asian crisis was disproportionately shaped by the preferences of the de-veloped country states and developed ... Mexican debacle of 1994-95 the “first financial crisis of the twenty-first century.”2 The Asian crisis was more serious and surprising than events in Mexico insofar as the Asian economies were hailed...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 9 ppt

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... precipitated the crisis) , the problem of contagion —a new phe-nomenon as the crisis spread to Russia and then Brazil, for no clear reason other than the herd behavior of investors and the pro-cyclical ... see Robert Wade, The Aftermath of the Asian Financial Crisis: From ‘Liberalize the Market’ to ‘Standardize the Market’ and Create a ‘Level Playing Field’” in this volume; and for a discussion ... trade and investment agreements that constrain their ability to pro-tect themselves from and respond to ﬁnancial crisis. The costs of these | 105 |ma r k we i s B r o tThe Asian ﬁnancial crisis, ...

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 10 ppt

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... progress and outcome of the implementation of the ABMI. The website also includes Asian bond indicators and an Asian bond monitor. Throughout the various activities of the ABMI, the private ... Jusuf Wanandi, 2005 Ten Years After: The Lasting Impact of the Asian Financial Crisis | 117 |3. Ha-Joon Chang, Hong-Jae Park and Chul Gyue Yoo, “Interpreting the Korean Crisis Financial Liberalisation, ... 14, 1998. 10. See Radelet and Sachs, The East Asian Financial Crisis: Diagnosis, Remedies, Prospects” for some of these and other arguments regarding the failure of the IMF to restore market...