Global markets and financial crises in Asia : towards a theory for the 21st century

Summary

Titles

• Full Title: Global markets and financial crises in Asia : towards a theory for the 21st century/ Haider A. Khan.

Notes

• Includes bibliographical references (pages 218-245) and index.
• The Mangled Miracle and the Alchemy of Finance -- The Beginning of the Crisis: Thailand -- The Crisis Spreads: Indonesia -- The End of the South Korean Miracle -- Finance in a Complex Capitalist Economy: Failures of Global Markets and Developmental States -- Corporate Governance: A New Theory and Reform of the Family-based Corporate Governance System in Asia -- Asian Banks: Can They Learn to Assess Risks Better? -- Towards a New Global Financial Architecture -- General Conclusions: From Crisis to a Global Political Economy of Freedom.

Identifiers

• Isbns: 9780230000797; 0230000797; 1281360058; 9781281360052
• Doi: 10.1057/9780230000797
• Oclc Number: (OCoLC)62186697

Publication Statement

• Place: New York
• Publisher: Palgrave Macmillan
• Date: 2004

Physical Description

• Extent: 1 online resource (xiv, 251 pages) :
• Illustrations: illustrations

Table Of Contents

• The Mangled Miracle and the Alchemy of Finance -- The Beginning of the Crisis: Thailand -- The Crisis Spreads: Indonesia -- The End of the South Korean Miracle -- Finance in a Complex Capitalist Economy: Failures of Global Markets and Developmental States -- Corporate Governance: A New Theory and Reform of the Family-based Corporate Governance System in Asia -- Asian Banks: Can They Learn to Assess Risks Better? -- Towards a New Global Financial Architecture -- General Conclusions: From Crisis to a Global Political Economy of Freedom.

Summary

• Why did the financial crises break out in Asia? Why did they Spread? Why did Argentina unravel? How can we prevent or manage these new types of financial crises? What new domestic, regional and global institutions do we need to build so that a global financial crisis and depression can be avoided? Haider A. Khan presents a new theory of financial crises in the age of globalization from an evolutionary perspective and suggests policies that may be necessary for averting or managing new financial crises. Starting with the Asian financial crises, he identifies new types of financial crises that result from a combination of liberalization, weak domestic institutions for economic governance and a chaotic global market system without global governance institutions. Suggested solutions involve building new institutions or global and domestic governance and domestic and international policy reforms.

Subjects

Writers