Financial Crisis, Contagion, and Containment: From Asia to Argentina by Desai

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Características del artículo

Estado
Nuevo: Libro nuevo, sin usar y sin leer, que está en perfecto estado; incluye todas las páginas sin ...
Book Title
Financial Crisis, Contagion, and Containment: From Asia to Argent
Publication Date
2003-05-11
Pages
320
ISBN
9780691113920
Categoría

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Product Identifiers

Publisher
Princeton University Press
ISBN-10
0691113920
ISBN-13
9780691113920
eBay Product ID (ePID)
2382144

Product Key Features

Number of Pages
320 Pages
Language
English
Publication Name
Financial Crisis, Contagion, and Containment : from Asia to Argentina
Subject
Economic History, Economics / General
Publication Year
2003
Type
Textbook
Subject Area
Business & Economics
Author
Padma Desai
Format
Hardcover

Dimensions

Item Height
0.9 in
Item Weight
23.1 Oz
Item Length
9.6 in
Item Width
6.6 in

Additional Product Features

Intended Audience
College Audience
LCCN
2002-031745
Reviews
" Financial Crisis, Contagion, and Containment is though-provoking for economic and financial practitioners who want to better understand financial crises and the IMF's attendant policy responses. Although originally written in 2003, the book remains relevant today." --MKB, Financial Analysts Journal
Dewey Edition
21
Illustrated
Yes
Dewey Decimal
332/.042
Synopsis
This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and Brazil was eventually hit. The inequitable center-periphery relationship also extended to the policy measures that the crisis-swept economies implemented under International Monetary Fund bailouts, which intensified the downturns induced by the panic-driven outflows of short-term capital. Financial Crisis, Contagion, and Containment examines crisis origin and resolution in a comparative perspective by combing empirical evidence from the most robust economies to the least. Why is the U.S. relatively successful at weathering economic ups and downs? Why is Japan stuck in policy paralysis? Why is the European Central Bank unable to achieve both inflation control and stable growth? How can emerging markets avoid turbulence amid free-flowing speculative capital from private lenders of the developed center? Engaging and nontechnical yet deeply insightful, this book appears at a time when the continuing turmoil in Argentina has revived policy debates for avoiding and addressing financial crises in emerging market economies., This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and Brazil was eventually hit. The inequitable center-periphery relationship also extended to the policy measures that the crisis-swept economies implemented under International Monetary Fund bailouts, which intensified the downturns induced by the panic-driven outflows of short-term capital. Financial Crisis, Contagion, and Containment examines crisis origin and resolution in a comparative perspective by combing empirical evidence from the most robust economies to the least. Why is the U.S. relatively successful at weathering economic ups and downs? Why is Japan stuck in policy paralysis?Why is the European Central Bank unable to achieve both inflation control and stable growth?How can emerging markets avoid turbulence amid free-flowing speculative capital from private lenders of the developed center? Engaging and nontechnical yet deeply insightful, this book appears at a time when the continuing turmoil in Argentina has revived policy debates for avoiding and addressing financial crises in emerging market economies., Offers an account of the financial crises that rocked East Asia and other parts of the world, beginning with the collapse of the Thai baht in 1997. This book argues that East Asia's opening to the free flow of capital was pushed by advocates, official and private, in the global economy's U.S.-led developed center.
LC Classification Number
HB3722.D47 2003

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