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Financial Liberalization and the Asian Crisis

Financial Liberalization and the Asian Crisis

Hardcover

Economics

ISBN10: 0333921585
ISBN13: 9780333921586
Publisher: Springer Nature
Published: Jun 11 2001
Pages: 294
Weight: 1.30
Height: 1.00 Width: 5.76 Depth: 8.88
Language: English
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.

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Economics