The Political Economy of International Financial Crisis

The Political Economy of International Financial Crisis

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The world financial crisis of 1997-99 was the most important international economic event since the oil shocks of the 1970s and the associated debt crisis of the 1980s. What were its political causes and consequences? In particular, how did interest group coalitions and political institutions affect pre-crisis economic policies and post-crisis responses? This book focuses on how policymaking coalitions are formed and how political institutions mediate the pressure of rival coalitions. This approach is applied to 13 countries drawn from the main crisis-affected regions of the world economya€”East Asia, Southeast Asia, Latin America and Eastern Europe.It not only put Mexicoa#39;s financial sector in the governmenta#39;s hands but also threatened to transfer huge quantities of real ... On the institutional side, demands increased for a clear definition of the statea#39;s economic role, for limits on presidentialanbsp;...

Title:The Political Economy of International Financial Crisis
Author:Shale Asher Horowitz, Uk Heo
Publisher:Rowman & Littlefield - 2001-01-01


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