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the political economy of the asian financial crisis

haggard - the political economy of the asian financial crisis (2000)

haggard - the political economy of the asian financial crisis (2000)

Tài chính doanh nghiệp

... lower base than the other three crisis countries A striking feature of the financial profile of the Asian corporates was the bias in the maturity structure of their debt toward the short term.1 ... mitigate the costs of such crises in the future (chapter 5) THE POLITICAL ECONOMY OF THE ASIAN FINANCIAL CRISIS Institute for International Economics | http://www.iie.com Ⅲ The crisis showed the democracies ... define the nature of the region’s development model in the future: the restructuring of the financial and corporate sectors and the redefinition of the social contract A central feature of the Asian...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 1 pot

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 1 pot

Quản trị kinh doanh

... the reigning ideology of financial globalization and the design of the international financial architecture The volume of literature and analyses on the root causes of the Asian crisis, and the ... East Asia After the Crisis Meredith Jung-En Woo 53 Asia and the International Monetary Fund:  Ten Years After the Asian Crisis David Burton 63 The Aftermath of the Asian Financial Crisis:  From ... states that the lack of transparency and the weakness of financial systems not necessarily lead to financial crisis otherwise, what can explain the relative insulation from the Asian crisis for...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 2 docx

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 2 docx

Quản trị kinh doanh

... account of the divergent diagnoses of what caused the Asian financial crisis The Asian crisis transformed the previously favorable opinions of the East Asian miracle to condemnation of the region’s ... come, the Asian financial crisis of 1997-98 will symbolize for some the catastrophic effects of economic globalization The crisis heightened the determination of the region to strengthen its financial ... have, for the most part, removed themselves from the influence of the Fund The author writes of the process through which the authority and credibility of the Fund was further undermined in the Argentine...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 3 ppsx

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 3 ppsx

Quản trị kinh doanh

... the severity of the financial crisis by inducing pro-cyclical responses When the economic health of the region was perceived to be good, money poured into the region Unlike much of the rest of ... in the mid-1980s and the banking crisis that followed, which led to a tightening of regulatory control with the Banking and Financial Institutions Act of 1989 At the beginning of the 1990s, there ... attitudes towards the Asian crisis During the first year of the crisis, from mid-1997, the official American response seemed to be one of benign indifference However, by mid-1998, there was a growing...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 4 pot

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 4 pot

Quản trị kinh doanh

... suffers the worst in terms of the immediate impacts of the crisis, as shown from the figures of the negative GDP growth, the currency depreciation, and the performance of the capital market The Indonesian ... at the center of the Indonesian experience during the Asian financial crisis of 1997-98 His book, Bank Indonesia and the Crisis: An Insider’s View, published in 2005 by the Institute of Southeast ... Indonesia U.S $700 million.3 The basic differences in the arguments and theories about the Asian crisis are hinged to the central question of whether the causes of the crisis originated domestically,...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 5 ppt

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 5 ppt

Quản trị kinh doanh

... of this kind—and for the speed of the recovery By the last quarter of 1998 the East and Southeast Asian contagion was over, and the Meredith Jung-En Woo is professor of political science at the ... East Asian economies—especially the South Korean one—regardless of the causes of the crisis, and the officials of the IMF doing what they were expected to do, pressuring the distressed Asian ... stream of bad economic news that cast a pall over the otherwise crisp days of autumn The Thais will likely push the onset of the crisis back a few months to the early summer of 1997, when the currency...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 6 docx

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 6 docx

Quản trị kinh doanh

... and financial globalization However, before considering the changes in Asia and at the IMF, it is important to briefly review the crisis itself R eviewing the Crisis The Asian financial crisis ... and the University of Manchester, and holds a Ph.D in economics from the University of Western Ontario | 63 | David Burton were at the root of the crisis Other ingredients that contributed to the ... Asia and the International Monetary Fund: Ten Years After the Asian Crisis As a result of these changes at both the national and regional level, the strength and resilience of Asia’s financial...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 7 potx

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 7 potx

Quản trị kinh doanh

... each other, and that the expansion of freedom consists of reducing government “intervention” in the natural functioning of markets After the shock of the Asian and other financial crises of the ... if they wish to | 80 | The Aftermath of the Asian Financial Crisis On the other hand, the negative results are substantial First, the FSAP and the ROSCs have tended to amount to a checklist They ... Standards (SDDS), and was also to be the primary enforcer of many of | 78 | The Aftermath of the Asian Financial Crisis the standards, through the formal mechanisms of structural conditionality, contingent...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 8 pot

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 8 pot

Quản trị kinh doanh

... financial actors, to the effect of marginalizing the preferences of developing country states and their private financial actors.22 Conclusion Post -Asian financial crisis, the international financial ... controls There should be no revival of the G7 push to insert the goal of promoting free capital mobility in the Articles of Agreement of the IMF in the 1990s, or to give the IMF jurisdiction over the ... the Mexican debacle of 1994-95 the “first financial crisis of the twentyfirst century.” The Asian crisis was more serious and surprising than events in Mexico insofar as the Asian economies were...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 9 ppt

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 9 ppt

Quản trị kinh doanh

... Years After: The Lasting Impact of the Asian Financial Crisis M ark Weisbrot T he Asian financial crisis, which began ten years ago, was in many ways a formative event at the end of the 20th century ... the most important avenues of influence for the United States in developing countries The IMF’s Failure in the Asian Crisis The IMF’s failure in the Asian crisis was profound and publicized as ... act as a lender of last resort, when such a lender was most needed In the Asian crisis, this would have been toward the beginning of the crisis, which began with the devaluation of the Thai baht...
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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 10 ppt

Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 10 ppt

Quản trị kinh doanh

... After: The Lasting Impact of the Asian Financial Crisis provided no help Instead, together with the World Bank, the Fund drained a net $4 billion, or a sizeable percent of GDP, out of the economy ... well as the progress and outcome of the implementation of the ABMI The website also includes Asian bond indicators and an Asian bond monitor Throughout the various activities of the ABMI, the private ... ASEAN and East Asia Worapot M anupipatpong I n the ten years that have passed since the onset of the Asian financial crisis of 1997-1998, each of the crisis- affected countries in East Asia—Indonesia,...
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sharma - the asian financial crisis; crisis, reform and recovery (2003)

sharma - the asian financial crisis; crisis, reform and recovery (2003)

Tài chính doanh nghiệp

... from the region They also greatly compromised the ability of these economies to withstand the shock of the large-scale outflow of foreign capital A political economy of the crisis Behind the complex ... the yen in the months before the crisis, the currencies of the crisis countries rose in comparison with the yen also In some cases the crisis countries followed the dollar very closely; in others ... signs of serious strain in the late 1980s, when the bubble economy of the 1980s – the speculative boom that generated hundreds of billions of dollars in bad debt – burst.43 Since the collapse of the...
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choi (ed.) - the asian financial crisis, vol. 1 (2000)

choi (ed.) - the asian financial crisis, vol. 1 (2000)

Tài chính doanh nghiệp

... investigation of many facets of the Asian financial crisis Consistent with the previous list of 21 questions regarding the causes of the Asian financial crisis, here goes another 21 regarding the potential ... pertaining to the Asian financial crisis Research Questions on the Asian Financial Crisis (1) Was the Asian financial crisis predictable? (2) How did the crisis spread? (3) Is the pattern of internal ... for the crisis? (10) What is the role of capital markets in the crisis? (11) Was the crisis financial or real? (12) Was the cause of the crisis domestic or international? (13) Was the cause of the...
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goldstein - the asian financial crisis; causes, cures, and systemic implications (1998)

goldstein - the asian financial crisis; causes, cures, and systemic implications (1998)

Tài chính doanh nghiệp

... requires the explicit consent of the secretary of the treasury in consultation with the president of the United States, two thirds of the governors of the Federal Reserve System, and two thirds of the ... IMF (1997b) In addition, the impact of the crisis on Japan depends, as noted earlier, on whether one includes (as part of the crisis) the depreciation of the yen against the US dollar and European ... that case, the very presence of the clause may be taken by the market as a signal of a greater intention to renegotiate In view of the importance of debt rescheduling in the Asian crisis, the G-10...
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The Political Economy of Distress in East Asian Financial Institutions

The Political Economy of Distress in East Asian Financial Institutions

Cao đẳng - Đại học

... investigate the role of these connections in causing and resolving financial institutions’ distress Furthermore, the general causes of the East Asian financial crisis have been the subject of intense ... on the political economy of dealing with financial intermediary distress This also provides some insights on the causes of the East Asian financial crisis as well as on the appropriateness of ... loss of confidence in the East Asian countries, aggravating the financial crisis The rest of the paper is organized as follows: section provides the motivation and reviews the literature on financial...
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Tài liệu Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects ppt

Tài liệu Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects ppt

Ngân hàng - Tín dụng

... interpreted as the effect of the financial crisis on the supply of loans We observe the same level of magnitude for the DD estimates of consumer and mortgage loans In Panel D of Table 4, we present ... after the end of the sample period While both banks recorded profits for the first half of 2008 and gave a positive outlook for the remainder of the year, they publicly acknowledged losses after the ... number of observations is reported in brackets The DD estimate is in bold The acceptance rates of both types of banks before the start of the financial crisis in August 2007 are shown in the first...
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Credit at times of stress: Latin American lessons from the global financial crisis pot

Credit at times of stress: Latin American lessons from the global financial crisis pot

Ngân hàng - Tín dụng

... effects of the global financial crisis in emerging market economies Some of the existing research analyses the effects of pre -crisis conditions on the behaviour of credit To date, however, all of these ... after the bankruptcy of Lehman Brothers Taking into account the characteristics of the evolution of real credit, the variable under analysis in the rest of this paper is defined as the change in the ... currency is another source of a currency mismatch In either of these two examples, a s harp depreciation of the local currency might severely impede the financial position of the debtor In the first...
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Audit under fire: a review of the post-financial crisis inquiries ppt

Audit under fire: a review of the post-financial crisis inquiries ppt

Tài chính doanh nghiệp

... concentration The Big Four’s dominance of the audit market was the direct focus of the Lords’ inquiry and one of the key issues in the EC Green Paper The ‘systemic risk’ posed by such an oligarchy and the ... or not the company was a going concern The Lords devoted a lot of time to the issue of going concern in the audit of banks and the particular issue of whether auditors should have allowed their ... never had such a high political profile In the UK, Brussels and the US the global financial crisis has sparked a series of high-level inquiries into the role and effectiveness of audit, while in...
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