... who each other were and could assess each others' financial capabilities and needs, no need would exist for financial intermediaries. Information among borrowers and lenders is improving. ... Carron R. Dan Brumbaugh, Jr. and Andrew S. Carron 357 Table 3. FSLIC-Insured Thrift Failures and Insolvencies and FSLIC Reserves, 1980-86 Assets and reserves in billions of dollars ... Independent Economist ANDREW S. CARRON First Boston Corporation Thrift Industry Crisis: Causes and Solutions FOR THE SECOND TIME this decade, the thrift industry is in crisis. Once again...
... recent crisis; analyzes explanations for the crisis; discusses what Argentina could have done to prevent the crisisand could do now to speed recovery; and examines the implications of the crisis ... be sold at a large discount; see Decrees 905/2002 and 2167/2002. ARGENTINA’S ECONOMIC CRISIS: CAUSESAND CURES I. Background to the Crisis 1 Argentina’s turbulent economic history ... international financial crises are exchange rate regimes; financial regulation; the role of international financial institutions, especially the IMF, in resolving crises; and restructuring government and...
... Nigeria CausesandConsequences 597 the exportation of crude oil and gas living this people suffering and dying, their life span has been reduced because of environmental pollution and poverty. ... degreasing agents, metals and other toxins from farm equipment harm and kill aquatic life and animals and cause health problems when they get into drinking water. Bacteria and parasites from animal ... development and economic growth. Domestic Water Pollution among Local Communities in Nigeria CausesandConsequences 593 1. Introduction The significance of water to human and other biological...
... crisis, and the interface between domestic and international financial institutions. The length and breadth of the list indicates the extent that the financialcrisis has required diverse and ... Global Financial Crisis: Analysis and Policy Implications Congressional Research Service 2 The Global FinancialCrisisand U.S. Interests2 Policymaking to deal with the global financialcrisis ... Poland ($20.5 billion), and Columbia ($10.5 billion).54 Regulatory andFinancial Market Reform The third phase of the global financialcrisis to decide what changes may be needed in the financial...
... nearlyfortyyearslater, and twelveyearsaftertheagreementscollapsedfromtheirinherentinfirmities,wehearjournalisticpleasfortheirrestoration.EventheusuallyperceptiveWallStreetJournalpublishedaneditorialaslateasJune22,1982,entitled"BringBackBrettonWoods."Itmaybesaidinextenuationthattheeditorialwriterwascomparingthesituationin1982,wheninconvertiblepapercurrenciesweredailydepreciatingnearlyeverywhere,withthecomparativelystableexchangeratesforthe25yearsbeforeBrettonWoodsopenlycollapsedinAugust,1971,whenPresidentNixonclosedtheAmericangoldwindow.ButTheWallStreetJournalforgotthatBrettonWoodsworkedasintendedaslongasitdidonlybyputtinganexcessiveburden and responsibilityononenation and onecurrency.Another and perhapsmoretypicalexampleof theconfusiononthissubjectthatstillprevails ... theworld'spoliticalofficeholdershaveneverseriouslyre-examinedtheinflationistassumptionsthatguidedtheauthorsoftheBrettonWoodsagreements.Themain
... literature and analyses on the root causes of the Asian crisis, and the lessons that need to be learned, is extensive. Scholars and analysts debate a wide diversity of arguments and counter-arguments, ... neces-sarily lead to financial crisis otherwise, what can explain the relative insulation from the Asiancrisis for countries such as China and India? In the ten years since the Asian crisis, many scholarly ... MuchhalaOctober 2007 TEN YEARS AFTER:Revisiting the AsiAnFinAnciAl cRisis edited by bhumikA muchhAlATEN YEARS AFTER: Revisiting the AsiAnFinAnciAl cRisis Asia ProgramWoodrow Wilson International...
... http://www.nber.org/papers/w6834.2. Joseph E. Stiglitz and Shahid Yusuf, eds., Rethinking the East Asian Miracle (New York: Oxford University Press, 2001).3. Andrew Berg, “The Asian Crisis: Causes, Policy Responses, Outcomes,” ... Takatoshi Ito, Asian Currency Crisisand the International Monetary Fund,” Asian Economic Policy Review 2 (2007): 1, 16-49.11. Injoo Sohn, “East Asia’s Counterweight Strategy: AsianFinancial Cooperation ... Foundation and the Center Introduction| 11 |for Economic and Policy Research. Conference participants were in-vited to analyze the causes, symptoms, and aftermath of the crisis, iden-tify and...
... 1997–98 Asian Debacle?| 27 |the U.S. Treasury, the IMF, the World Bank and elsewhere cite the Asian financial crisis to criticize the preceding “East Asian Miracle” as flawed. The crisis started ... opinions of the Asian miracle were rad-ically transformed from praise to condemnation by the Asian currency and financial crises of 1997–98. Once identified and acclaimed as central to the Asian success ... in the East Asian region was the larger context which facilitated processes leading to the crisis. The Asian financial crisis was also exacerbated by the policy con-ditionalities and influence...
... discuss and explain what occurred in Asia a decade ago. Scholars, analysts, policy-makers, and practitioners from across the board ruminate on the causes and effects of the Asian financial crisis, ... financial crisis. Curiously, however, there is no standard interpretation yet on the causes of the Asian financial crisis, except for a general consensus on a few things, such as the fact that the crisis ... -3.2 -4.4 -8.9 -4.4Source: rearrangement of Table 2, AsianCrisis Countries: Vulnerability Indicators” in Andrew Berg, “The Asian Crisis: Causes, Policy Responses, Outcomes,” IMF Working Paper,...
... Hal Hill and Takashi Shiraisi, “Indonesia after the Asian Crisis, ” Asian Economic Policy Review 2 (2007): 1, 123-141.5. Steven Radelet and Jeffrey Sachs, “The East -Asian Financial Crisis: Diagnosis, ... Morris Goldstein, The AsianFinancial Crisis: Causes, Cures, and Systemic Implications (Washington: Institute for International Economics, 1998).7. Soedradjad J. Djiwandono, “Liquidity Support ... the Asian financial crisis is a historical marker. With this crisis, the old political and economic order in East and Southeast Asia went up in flames—a meta-phor that I shall return to—and...
... the Asia and Pacific Department and the Policy Development and Review Department, and as advisor to the former first deputy managing di-rector, Stanley Fischer. During the Asian financial crisis, ... sThe Asian financial crisis was unprecedented in its nature and virility. With the exception of Thailand, traditional macroeconomic imbalances were not evident beforehand, and did not play a ... Press, 1993). Asia and the International Monetary Fund: Ten Years After the Asian Crisis | 69 |As a result of these changes at both the national and regional level, the strength and resilience...
... the AsianFinancial Crisis | 81 |On the other hand, the negative results are substantial. First, the FSAP and the ROSCs have tended to amount to a checklist. They tend to lack focus, and to ... Reports on the Observance of Standards and Codes (ROSCs), and initiated a Financial Sector Assessment Program (FSAP). Between 1999 and 2006, the Fund produced 502 ROSCs and the World Bank 92; where130 ... Effects of the Drive for Transparency, Standards and SurveillanceAt first glance transparency, standards and surveillance are as desirable as motherhood and apple pie. To go beyond the first glance...