Buch, Englisch, 526 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 820 g
Buch, Englisch, 526 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 820 g
ISBN: 978-1-4613-7347-6
Verlag: Springer US
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.
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
- Sozialwissenschaften Soziologie | Soziale Arbeit Soziologie Allgemein
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
- Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
Weitere Infos & Material
Acknowledgements. Preface. Part I: Opening Remarks. 1. The IMF and the Asian Crisis: A View from the Executive Board; K. Lissakers. 2. The Asian Financial Crisis; M.H. Moskow. Part II: Origins of the Asian Crisis. 3. What Caused the Recent Asian Currency Crisis? C. Burnside, et al. 4. Origins of the Crisis in Asia; M.P. Dooley. 5. Thoughts on the Origins of the Asian Crisis: Impulses and Propagation Mechanisms; R. Glick. 6. Origins of the Asian Crisis: Discussion; R. Chang. Part III: Causes and Implications of the Asian Crisis - The Role of the Financial Sector, Domestic Policies, and Contagion. 7. Precarious Credit Equilibria: Reflections on the Asian Financial Crisis; J.R. Bisignano. 8. Causes and Implications of the Asian Crisis: An Indonesian View; J.S. Djiwandono. 9. The Korean Banking Crisis: Picking up the Pieces; W.C. Hunter. 10. Asian Currency Crisis; D. Lachman. 11. Causes and Implications of the Asian Crisis; F. Larsen. 12. The Yen and Boom - Bust Cycle in East Asia; K. Ueda. 13. Causes and Implications of the Asian Crisis: The Role of Financial Sector, Domestic Policies, and Contagion; C. Wibulswasdi. Part IV: Response to the Crisis - Overview and Case Studies. 14. Asian Crisis: Causes and Remedies; B.B. Aghevli. 15. Korea's Financial Sector Reforms; S. Claessens, et al. 16. Whither Thailand; Y. Iwasaki. 17. Comment on `Asian Crisis: Causes andRemedies'; R.J. Herring. 18. The East Asian Financial Crisis: A Year Later; Yung Chul Park. 19. Removing Financial Bottlenecks to Labor Productivity in Thailand; R. Townsend. Part V: Containing the Risks of Future Crisis &endash; Strengthening the Regulatory Framework. 20. What's Wrong with the IMF? What Would Be Better? A.H. Meltzer. 21. Containing the Risks of Future Crises: Strengthening the Regulatory Framework; T. de Swaan. 22. Banking Fragility, Effectiveness, and Regulation in Less-Developed Countries; G.J. Benston. 23. Comments on `What's Wrong with the IMF?' and `Containing the Risks'; A.K. Kashyap. 24. Commentary on `What's Wrong with the IMF?' and `Containing the Risks'; C.-J. Lindgren. Part VI: Early Warning Indicators, Transparency, and Market Response. 25. Improving Transparency in Asian Banking Systems; J.S. Fons. 26. Early Warning Indicators of Financial Crises; M. Goldstein. 27. The Asian Crises: A New Breed or Déjà Vu? G.L. Kaminsky. 28. The Inevitable Perils of a Precocious Giant; J.A. Wing. 29. Banks and the Asian Crisis; M. Mayer. 30. The Signals Approach to Early Warning of Currency Crisis: Does It Work and Is There a Better Way? A. Berg, C. Pattillo. 31. Will Greater Disclosure and Transparency Prevent the Next Banking Crisis? E. Rosengren. Part VII: Moral Hazard and the Role of International Rescue Programs. 32. Moral Hazard is Avoidable; C.W. Calomiris. 33. Moral Hazard