... Weisbrot
Worapot Manupipatpong
Edited by:
Bhumika Muchhala
October 2007
TEN YEARS AFTER:
Revisiting the AsiAn FinAnciAl cRisis
edited by bhumikA muchhAlA
TEN YEARS AFTER: Revisiting the AsiAn FinAnciAl cRisis
Asia ...
glossary
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Ten Years After: The Lasting Impact 10 5
of the Asian Financial Crisis
Mark Weisbrot
Regional Initiatives for...
... 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
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On the other hand, the negative results ... type.
16
The
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the aftermath of the asIan
fInancIal crIsIs: from “lIberalIze
the market” to “standardIze
the market” and create a “leVel
playIng fIel...
... reasons why the new consensus has not taken the in-
ternational community more than one step forward in the task of pre-
venting the next Asian crisis. First, there is an inconsistency between the
policy ... controls. There should be no revival of the G7 push to insert
the goal of promoting free capital mobility in the Articles of Agreement
of the IMF in the 19 90s,...
... than the average of 7-9 percent the region ex-
perienced in the pre -crisis years of 19 91- 1996.
10
The lower growth rates
Introduction
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that the international community has witnessed in the ... http://www.internationalmonetaryfund.
com/external/np/ieo/2003/cac/pdf/main.pdf.
10 . Takatoshi Ito, Asian Currency Crisis and the International Monetary
Fund,” Asi...
... from the 19 97–98 Asian Debacle?
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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 ... effective surveillance. There was a prolifera-
tion of banks between 19 88 and 19 97—before 19 88, there were less than
a hundred banks, and by the time of the...
... Southeast Asian Studies, 2005).
4. Hal Hill and Takashi Shiraisi, “Indonesia after the Asian Crisis, ” Asian
Economic Policy Review 2 (2007): 1, 12 3 -14 1.
5. Steven Radelet and Jeffrey Sachs, The ... He—China
Ten Years After the Asian Crisis: An Indonesian Insider’s View
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cluding the Indonesian minister of finance, because the patterns seem
eerily similar to...
...
in the Global Economy (Washington: International Monetary Fund, 2007), available
from http://www.imf.org/Pubs/FT/weo/2007/ 01/ index.htm
.
15 0
14 0
13 0
12 0
11 0
10 0
90
80
19 97
19 98
19 99
2000
20 01
2002
2003
2004
2005
2006
Indonesia
Malaysia
Thailand
Korea
Philippines
David ... feel that they have an adequate
voice in the Fund—that the Fund is their institution.
Asia...
...
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Ten Years After: The Lasting Impact of the Asian Financial Crisis
| 11 1 |
picture of IMF Managing Director Michel Camdessus standing over
Indonesia’s President Suharto as he signed the ... Ph.D. in economics from the
University of Michigan.
Ten Years After: The Lasting Impact of the Asian Financial Crisis
| 10 7 |
never before, which permane...
... and
the Comprehensive Economic Partnership in East Asia (CEPEA).
TEN YEARS AFTER:
Revisiting the AsiAn FinAnciAl cRisis
edited by bhumikA muchhAlA
TEN YEARS AFTER: Revisiting the AsiAn FinAnciAl ... creation
of new institutions.
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Ten Years After: Revisiting the Asian Financial Crisis
Special Report No. 13 3 – The Avian Flu Challeng...