ENGLISH

Financial Liberalization and the Asian Crisis

By Gabriel Palma , Ha-Joon Chang , D. Hugh Whittaker

Book information

Publisher
Palgrave Macmillan
Year
2001
ISBN
0333921585, 9780333921586
LCC
HB3808 .F56 2001
Open Library ID
OL18728790M
Language
english
Format
PDF
Filesize
2 MB (1575324 bytes)
Pages
308\307
Topic
Economy
Time added
2011-04-28 18:43:47

Description

The financial crisis that hit a number of 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 economic 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 liquidity and volatility, and calls for a more cautious approach to financial liberalization, and reform of the international financial architecture.

Similar books