The Political Economy Of Distress In East Asian Financial Institutions PDF Download
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Author | : Paola Bongini |
Publisher | : World Bank Publications |
Total Pages | : 28 |
Release | : 2000 |
Genre | : Balance Sheet |
ISBN | : |
Download The Political Economy of Distress in East Asian Financial Institutions Book in PDF, ePub and Kindle
"In the East Asian crisis, "connections" - with industrial groups or influential families - increased the probability of distress for financial institutions. Connections also made closure more, not less, likely, suggesting that the closure processes themselves were transparent. But larger institutions, although more likely to be distressed, were less likely to be closed, suggesting a "too big to fail" policy"--Cover.
Author | : Stijn Claessens |
Publisher | : |
Total Pages | : |
Release | : 2005 |
Genre | : |
ISBN | : |
Download The Political Economy of Distress in East Asian Financial Institutions Book in PDF, ePub and Kindle
The 1997-1999 East Asian crisis is an interesting case for studying the determinants of distress and closure of financial institutions. Of a sample of 283 financial institutions from Indonesia, Korea, Malaysia, the Philippines, and Thailand, 120 experienced distress, and by July 1999, 38 were closed. We find that traditional, CAMEL-type financial data for 1996 help predict distress and closure. quot;Connectionsquot; - with industrial groups or influential families - increased the likelihood of distress, however, suggesting that supervisors had granted selective prior forbearance from prudential regulations. Since closure was more, not less, likely with connections, the closure processes themselves appear transparent. We also find evidence of quot;too big to failquot; policies.
Author | : Arvid John Lukauskas |
Publisher | : Edward Elgar Publishing |
Total Pages | : 296 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : |
Download The Political Economy of the East Asian Crisis and Its Aftermath Book in PDF, ePub and Kindle
Economists from the US, the World Bank, the International Monetary Fund, and a few other countries--none Asian--assess the causes and consequences of the East Asian crisis of 1997-98, focusing especially on the interplay of economic and political forces. In eight papers and a summary of a roundtable discussion, primarily from a March 1999 conference at Columbia University, they consider such aspects as the anatomy of the emerging market disease, the politics of moral hazard, the US role in the long Asian crisis of 1990-2000, and from higher risk to risk aversion and the danger of protectionism. Annotation copyrighted by Book News Inc., Portland, OR
Author | : M. Wan |
Publisher | : Springer |
Total Pages | : 149 |
Release | : 2016-04-29 |
Genre | : Political Science |
ISBN | : 1137593873 |
Download The Asian Infrastructure Investment Bank Book in PDF, ePub and Kindle
This book assesses the strategic significance of the Asian Infrastructure Investment Bank (AIIB) by examining the logic of international power and order, historic trends in East Asian international relations, the AIIB's design in comparison to 'rival' financial institutions such as the World Bank and the Asian Development Bank, recent tendencies in Chinese foreign policy, and the Chinese system of political economy. It focuses on how China 'constructs' international arrangements at a critical juncture in history compared to other great powers, especially the United States and Japan. Viewed in isolation, the AIIB does not represent a radical departure from the existing international order; it is a hybrid institution built on China's integration into the West-dominated international structure and conditioned by the global financial market. But the AIIB does draw in part from a different institutional lineage, a different historical root, and a different national system of political economy. In this context, China's greater success will constitute a partial change to the existing international order, whatever the Chinese intention.
Author | : Stephan Haggard |
Publisher | : Columbia University Press |
Total Pages | : 304 |
Release | : 2010-10-01 |
Genre | : Political Science |
ISBN | : 088132308X |
Download The Political Economy of the Asian Financial Crisis Book in PDF, ePub and Kindle
The Asian crisis has sparked a thoroughgoing reappraisal of current international financial norms, the policy prescriptions of the International Monetary Fund, and the adequacy of the existing financial architecture. To draw proper policy conclusions from the crisis, it is necessary to understand exactly what happened and why from both a political and an economic perspective. In this study, renowned political scientist Stephan Haggard examines the political aspects of the crisis in the countries most affected—Korea, Thailand, Malaysia, and Indonesia. Haggard focuses on the political economy of the crisis, emphasizing the longer-run problems of moral hazard and corruption, as well as the politics of crisis management and the political fallout that ensued. He looks at the degree to which each government has rewoven the social safety net and discusses corporate and financial restructuring and greater transparency in business-government relations. Professor Haggard provides a counterpoint to the analysis by examining why Singapore, Taiwan, and the Philippines escaped financial calamity.
Author | : T. J. Pempel |
Publisher | : Cornell University Press |
Total Pages | : 306 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9780801486340 |
Download The Politics of the Asian Economic Crisis Book in PDF, ePub and Kindle
The authors analyze the reasons why the crisis affected the nations of Asia in radically different ways. They also consider whether the crisis indicates a radical change in Asia's economic future.
Author | : Jongryn Mo |
Publisher | : Walter H. Shorenstein Asia-Pacific Research Center |
Total Pages | : 154 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : |
Download From Crisis to Opportunity Book in PDF, ePub and Kindle
Since the mid-1990s, China, Japan, and Korea have come under severe pressure to restructure and reform their economic systems. In fact, across East Asia governments are attempting to address their structural problems with a variety of reform programs. After several years of their efforts, clear patterns are now emerging. The authors of this book conclude that the interaction between financial globalization and domestic politics is the key to unlocking the reform process. In particular, they address issues important to the study of East Asian political economies--receptivity to financial globalization, financial integration, the convergence or divergence of their economic institutions, and the impact that institutional transformations will have on national competitive advantage and the global economic system. The book identifies and accounts for empirical regularities across East Asian countries and sectors, which previous studies have left largely unexplained. Contributors include Jongryn Mo (Yonsei University), Daniel I. Okimoto (Stanford University), Jennifer Amyx (University of Pennsylvania), Yves Tiberghien (Harvard University and University of British Columbia), Wonhyuk Lim (Korea Development Institute), and Joon-Ho Hahm (Yonsei University).
Author | : Gregory W. Noble |
Publisher | : Cambridge University Press |
Total Pages | : 322 |
Release | : 2000-09-11 |
Genre | : Business & Economics |
ISBN | : 9780521794220 |
Download The Asian Financial Crisis and the Architecture of Global Finance Book in PDF, ePub and Kindle
An examination of the political and economic causes and consequences of the Asian financial crises.
Author | : Mark Beeson |
Publisher | : Psychology Press |
Total Pages | : 292 |
Release | : 2002 |
Genre | : East Asia |
ISBN | : 9780700714773 |
Download Reconfiguring East Asia Book in PDF, ePub and Kindle
Focuses both on specific regional organizations like ASEAN, The Asian Development Bank and APEC, as well as on key institutions such as East Asian legal systems, the media, organized labour, Asian business systems, and the developmental state.
Author | : Xiaoke Zhang |
Publisher | : Routledge |
Total Pages | : 327 |
Release | : 2003-08-29 |
Genre | : Political Science |
ISBN | : 113442647X |
Download The Changing Politics of Finance in Korea and Thailand Book in PDF, ePub and Kindle
This is the first systematic attempt to explore the causal relationship between financial market reform and financial crisis in an interdisciplinary and comparative perspective. It examines the political underpinnings of financial policy-change and provides an in-depth analysis of market liberalisation processes and their impact on the economic turmoil of 1997-98 in Korea and Thailand. The common crisis stemmed from divergent reform patterns and originated from dissimilar institutional deficiencies and political constraints. The book will be essential reading for both policy-makers and academics concerned with national governance in an era of globalisation.