Two Crises, Different Outcomes

East Asia and Global Finance

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, History, Asian, Asia, Business & Finance
Cover of the book Two Crises, Different Outcomes by , Cornell University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9780801455018
Publisher: Cornell University Press Publication: May 6, 2015
Imprint: Cornell University Press Language: English
Author:
ISBN: 9780801455018
Publisher: Cornell University Press
Publication: May 6, 2015
Imprint: Cornell University Press
Language: English

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.

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

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.

More books from Cornell University Press

Cover of the book Who Should Rule at Home? by
Cover of the book The Business of Empire by
Cover of the book A New Moral Vision by
Cover of the book Living Weapons by
Cover of the book When Small States Make Big Leaps by
Cover of the book Constructive Feminism by
Cover of the book The Institution of Criticism by
Cover of the book A Duterte Reader by
Cover of the book The Battle for Veterans’ Healthcare by
Cover of the book Cars for Comrades by
Cover of the book At Home with the Diplomats by
Cover of the book Brethren by Nature by
Cover of the book Keepers of the Flame by
Cover of the book Unknotting the Heart by
Cover of the book My Word! by
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