Financial Liberalization and the Asian Crisis
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Beschreibung
The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.
Autor*in
H. Chang
Themen in »Financial Liberalization and the Asian Crisis«
Asia capital capital market capitalism China East Asia economics electronics exchange rates financial architecture financial crisis liberalization liquidity trade volatility