In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major financial crises evinced by widespread bank insolvencies and currency depreciations, as well as sharp declines in gross domestic production. This sudden disruption of the Asian economic `miracle' astounded many observers around the world, raised questions about the stability of the international financial system and caused widespread fear that this financial crisis would spread to other countries. What has been called the Asian crisis followed a prolonged slump in Japan dating from the early 1980s and came after the Mexican currency crisis in the mid-1990s. Thus, the Asian crisis became a major policy concern at the International Monetary Fund as well as among developed countries whose cooperation in dealing with such financial crises is necessary to maintain the stability and efficiency of global financial markets.
This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago and the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants included a broad range of academic, industry, and regulatory experts representing more than thirty countries. Topics discussed included the origin of the individual crises; early warning indicators; the role played by the global financial sector in this crisis; how, given an international safety net, potential risks of moral hazard might contribute to further crises; the lessons for the international financial system to be drawn from the Asian crisis; and what the role of the International Monetary Fund might be in future rescue operations.
Because the discussions of these topics include a wide diversity of critical views and opinions, the book offers a particularly rich presentation of current and evolving thinking on the causes and preventions of international banking and monetary crises. The book promises to be one of the timeliest as well as one of the most complete treatments of the Asian financial crisis and its implications for future policymaking.
"synopsis" may belong to another edition of this title.
Shipping:
US$ 19.98
From United Kingdom to U.S.A.
Shipping:
US$ 3.99
Within U.S.A.
Seller: Books Puddle, New York, NY, U.S.A.
Condition: New. pp. 548. Seller Inventory # 26300727
Quantity: 1 available
Seller: Majestic Books, Hounslow, United Kingdom
Condition: New. pp. 548 52:B&W 6.14 x 9.21in or 234 x 156mm (Royal 8vo) Case Laminate on White w/Gloss Lam. Seller Inventory # 7547240
Quantity: 1 available
Seller: Basi6 International, Irving, TX, U.S.A.
Condition: Brand New. New. US edition. Expediting shipping for all USA and Europe orders excluding PO Box. Excellent Customer Service. Seller Inventory # ABEJUNE24-125426
Quantity: 1 available
Seller: Romtrade Corp., STERLING HEIGHTS, MI, U.S.A.
Condition: New. This is a Brand-new US Edition. This Item may be shipped from US or any other country as we have multiple locations worldwide. Seller Inventory # ABTR-294675
Quantity: 2 available
Seller: GoldenWavesOfBooks, Fayetteville, TX, U.S.A.
Hardcover. Condition: new. New. Fast Shipping and good customer service. Seller Inventory # Holz_New_0792384725
Quantity: 1 available
Seller: Front Cover Books, Denver, CO, U.S.A.
Condition: new. Seller Inventory # FrontCover0792384725
Quantity: 1 available
Seller: Wizard Books, Long Beach, CA, U.S.A.
Hardcover. Condition: new. New. Seller Inventory # Wizard0792384725
Quantity: 1 available
Seller: Big Bill's Books, Wimberley, TX, U.S.A.
Hardcover. Condition: new. Brand New Copy. Seller Inventory # BBB_new0792384725
Quantity: 1 available
Seller: GoldenDragon, Houston, TX, U.S.A.
Hardcover. Condition: new. Buy for Great customer experience. Seller Inventory # GoldenDragon0792384725
Quantity: 1 available
Seller: booksXpress, Bayonne, NJ, U.S.A.
Hardcover. Condition: new. Seller Inventory # 9780792384724
Quantity: 10 available