Financial Liberalization and the Asian Crisis
Download or Read eBook Financial Liberalization and the Asian Crisis PDF written by H. Chang and published by Springer. This book was released on 2001-06-11 with total page 307 pages. Available in PDF, EPUB and Kindle.
Author | : H. Chang |
Publisher | : Springer |
Total Pages | : 307 |
Release | : 2001-06-11 |
ISBN-10 | : 9780230518629 |
ISBN-13 | : 0230518621 |
Rating | : 4/5 (29 Downloads) |
Book Synopsis Financial Liberalization and the Asian Crisis by : H. Chang
Book excerpt: 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.