The political economy of the East Asian crisis and its aftermath : tigers in distress

edited by Arvid John Lukauskas and Francisco L. Rivera-Batiz

The East Asian crisis has sparked debate regarding the future of emerging markets and the globalization of world capital markets. This study, with contributions by leading economists and political scientists, provides an assessment of the causes and consequences of the crisis and the policy lessons drawn from it. In contrast to much of the existing literature, the volume presents the view that the crisis and its aftermath were not simply the result of purely economic and financial phenomena but also the reflection of some fundamental institutional, historical and political forces. The collection begins with a comparative and historical analysis of the crisis, placing it in the context of other financial and debt crises. This is followed by a discussion of the domestic political and economic factors behind the events, delineating the differences and similarities among affected countries. The contributors also examine how global political forces influenced the unfolding crisis in various countries. Using data, experts present the economic situation in East Asia, the contagion effects in the rest of the world, and the role played by international institutions such as the IMF. Finally, the volume provides a roundtable debate on the policy alternatives confronting emerging markets and the world monetary system in the aftermath of the crisis.

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  • Part 1 Introduction: the political economy of the East Asian crisis - introduction, Arvid John Lukauskas and Francisco L. Rivera-Batiz. Part 2 The crisis in comparative and historical perspective: the East Asian crisis and the anatomy of emerging market disease, Francisco L. Rivera-Batiz
  • an historical perspective on the East Asian crisis, Michael D.J. Bordo. Part 3 Causes and consequences of the crisis: the politics of moral hazard - the origins of financial crisis in Indonesia, Korea and Thailand, Stephan Haggard and Andrew MacIntyre
  • financial liberalization and the capital account - Thailand, 1988-1997, Pedro Alba, Leonardo Hernandez and Daniela Klingebiel
  • revisiting the East Asian crisis and its aftermath - a political economy approach, Luis A. Rivera-Batiz and Maria-Angels Oliva. Part 4 The international political economy of the crisis: the Asian crisis and the Wall Street-Treasury-IMF complex, Robert Wade
  • contagion - from higher risk to risk aversion and the danger of protectionism, Mario I. Blejer and Graciana del Castillo. Part 5 Roundtable discussion: the policy consequences of the East Asian crisis - a roundtable, Albert Fishlow, Miles Kahler et al.

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書名 The political economy of the East Asian crisis and its aftermath : tigers in distress
著作者等 Lukauskas, Arvid John
Rivera-Batiz, Francisco L.
出版元 Edward Elgar
刊行年月 c2001
ページ数 xv, 272 p.
大きさ 24 cm
ISBN 1840644001
NCID BA52150972
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言語 英語
出版国 イギリス