Synopsis
The first complete coverage of the Asian currency crisis and what it means for investors worldwide. Asia's recent economic troubles affect billions of people around the globe. Asia Falling provides a detailed, accessible account of the economic and political policies that led to Asia's currency crisis. It's the first comprehensive, authoritative analysis of the crisis, and what it means to the larger world of investors. This up-to-the-minute work, packed with solid recommendations for investors, names the countries that should emerge strongest, outlines the steps Asian economies must take to regain their worldwide luster, and provides policy-level political analysis on the actions and reactions that led to Asia's currency crisis.
From the Back Cover
A First-Hand Analysis of the Asian Currency Crisis. For two decades, Asian economies boomed, attracting unprecendented levels of foreign direct and portfolio investment. Economic commentators proclaimed the rise of the East and the consequent decline of the West. Just as in Japan in the 1980s, huge financial market bubbles developed - and just as in Japan, they burst. So is the "Asian Miracle" over? Or is this merely a correction that will be the catalyst for much needed financial, economic, and even political reform in Asia? And where, in all of this, can astute investors find opportunities for profit? Veteran Asia-watcher Callum Henderson - Standard & Poor's senior authority on the Asian currency market and one of the few insiders to counsel caution during the heady boom days - delivers a first-hand examination of the political and economic events that led to Asia's currency crisis: Asia Falling. Written with clarity and objectivity, and supported by fact-filled case sutdies of Thailand, Indonesia, the Phillipines, and Malaysia, this timely book goes beyond the hyperbole and the punditry to: Give investors an in-depth, country-by-country analysis of the crisis, and forecast the economic effects on the region; Provide policy-level political analysis of the crisis, and forecast the economic effects on the region; Provide policy-level political analysis on governmental actions and reactions that led to Asia's ongoing currency crisis; outline specific opportunities resulting from the Asian currency crisis and its consequent economic impact.
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