Two Crises, Different Outcomes East Asia and Global Finance
Two Crises, Different Outcomes: East Asia and Global Finance

Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast,...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Weitere Verfasser: Pempel, T. J. (HerausgeberIn), Tsunekawa, Keiichi (HerausgeberIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Ithaca, NY Cornell University Press [2015]
Schriftenreihe:Cornell Studies in Political Economy
Schlagworte:
Financial crises > Asia > Congresses
Global Financial Crisis, 2008-2009 > Congresses
Konferenzschrift
Online-Zugang:DE-859
DE-860
DE-739
DE-473
DE-1046
DE-1043
DE-858
URL des Erstveröffentlichers
Zusammenfassung:Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time, Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since.The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.Contributors: Muhamad Chatib Basri, Minister of Finance of the Republic of Indonesia and Professor of Economics at the University of Indonesia; Yun-han Chu, Institute of Political Science, Academia Sinica; Richard Doner, Emory University; Barry Naughton, University of California, San Diego; Yasunobu Okabe, Japan International Cooperation Agency Research Institute; T. J. Pempel, University of California, Berkeley; Thomas Pepinsky, Cornell University; Keiichi Tsunekawa, National Graduate Institute for Policy Studies, Tokyo
Beschreibung:Description based on online resource; title from PDF title page (publisher's Web site, viewed 22. Jun 2018)
Beschreibung:1 online resource 10 tables, 22 charts
ISBN:9780801455025

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