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Private Capital Flows in the Age of Globalization : The Aftermath of the Asian Crisis : Edward Elgar Monographs - Uri Dadush

Private Capital Flows in the Age of Globalization : The Aftermath of the Asian Crisis

Edward Elgar Monographs

Hardcover ISBN: 9781840642148
Number Of Pages: 264

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The Asian crisis of 1997 demonstrated how interconnected the global economy has become, and this work is an attempt, by an international group of contributors, to understand the financial crisis by taking into account the dynamics of private capital flows. The authors answer some of the most important questions relating to the financial crisis, and seek to find solutions to prevent such crises occurring again, including: what caused the crisis in Asian countries?; why did most analysts fail to anticipate the crisis?; why were the effects so severe?; what is the key to recovery in Asia and other crisis countries?; what can be done to prevent such a crisis from occurring again?; and how can the international system deal with such circumstances more successfully?

List of figuresp. vii
List of tablesp. viii
List of contributorsp. ix
Introductionp. 1
The Asian Crisis in Perspective
Excess competition, moral hazard and industrial trauma in Korea, 1997-8p. 13
The Asian financial crisis in perspectivep. 27
The East Asian financial crisis: regional and global responsesp. 63
Latin America confronting the Asian crisisp. 81
Debt Restructuring and Orderly Work-Outs
Exorcizing Asian debt: lessons from Latin American roll-overs, work-outs and write-downsp. 105
At the insolvency masquerade, what mask for the IMF: international bankruptcy court, mediator or insolvency law reformer?p. 140
Sovereign rescues: using commercial debt resolution mechanisms to reduce global public fundingp. 176
Moral Hazard and Systemic Risk
Systemic risk, moral hazard and the international lender of last resortp. 185
Dealing with systemic riskp. 198
Creditor panic, asset bubbles and sharks: three views of the Asian crisisp. 222
Indexp. 241
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9781840642148
ISBN-10: 1840642149
Series: Edward Elgar Monographs
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 264
Publisher: Edward Elgar Publishing Ltd
Country of Publication: GB
Dimensions (cm): 23.5 x 15.88  x 3.18
Weight (kg): 0.54

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