The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the qnew international financial architectureq?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.Crisis, Reform and Recovery Shalendra Sharma ... Martin, 3l, 53, 225 Fields, Karl J., l9l Finance One (company), 89, 9l, 93 financial crisis definition of, l0 political economy of, 39-44 predictors of, 32 timing of, l, 4 Fischer, Dominique, l3l Fischer, anbsp;...
|Title||:||The Asian Financial Crisis: New International Financial Architecture|
|Publisher||:||Manchester University Press - 2003-10-03|