Financial Crisis, Contagion, and Containment

From Asia to Argentina

Business & Finance, Economics
Cover of the book Financial Crisis, Contagion, and Containment by Padma Desai, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Padma Desai ISBN: 9781400865376
Publisher: Princeton University Press Publication: November 23, 2014
Imprint: Princeton University Press Language: English
Author: Padma Desai
ISBN: 9781400865376
Publisher: Princeton University Press
Publication: November 23, 2014
Imprint: Princeton University Press
Language: English

This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and Brazil was eventually hit. The inequitable center-periphery relationship also extended to the policy measures that the crisis-swept economies implemented under International Monetary Fund bailouts, which intensified the downturns induced by the panic-driven outflows of short-term capital.

Financial Crisis, Contagion, and Containment examines crisis origin and resolution in a comparative perspective by combing empirical evidence from the most robust economies to the least. Why is the U.S. relatively successful at weathering economic ups and downs? Why is Japan stuck in policy paralysis? Why is the European Central Bank unable to achieve both inflation control and stable growth? How can emerging markets avoid turbulence amid free-flowing speculative capital from private lenders of the developed center? Engaging and nontechnical yet deeply insightful, this book appears at a time when the continuing turmoil in Argentina has revived policy debates for avoiding and addressing financial crises in emerging market economies.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and Brazil was eventually hit. The inequitable center-periphery relationship also extended to the policy measures that the crisis-swept economies implemented under International Monetary Fund bailouts, which intensified the downturns induced by the panic-driven outflows of short-term capital.

Financial Crisis, Contagion, and Containment examines crisis origin and resolution in a comparative perspective by combing empirical evidence from the most robust economies to the least. Why is the U.S. relatively successful at weathering economic ups and downs? Why is Japan stuck in policy paralysis? Why is the European Central Bank unable to achieve both inflation control and stable growth? How can emerging markets avoid turbulence amid free-flowing speculative capital from private lenders of the developed center? Engaging and nontechnical yet deeply insightful, this book appears at a time when the continuing turmoil in Argentina has revived policy debates for avoiding and addressing financial crises in emerging market economies.

More books from Princeton University Press

Cover of the book Alan Turing: The Enigma by Padma Desai
Cover of the book The Importance of Being Civil by Padma Desai
Cover of the book Mass Flourishing by Padma Desai
Cover of the book A Solution to the Ecological Inference Problem by Padma Desai
Cover of the book The Global Commonwealth of Citizens by Padma Desai
Cover of the book Military Power by Padma Desai
Cover of the book Computational Aspects of Modular Forms and Galois Representations by Padma Desai
Cover of the book Because of Race by Padma Desai
Cover of the book The Pragmatism Reader by Padma Desai
Cover of the book Alabama in Africa by Padma Desai
Cover of the book The Burr Conspiracy by Padma Desai
Cover of the book Religious Difference in a Secular Age by Padma Desai
Cover of the book The New Deal by Padma Desai
Cover of the book The Poetry Lesson by Padma Desai
Cover of the book Our Cosmic Habitat by Padma Desai
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy