1st Edition

Financial Liberalization and the Economic Crisis in Asia

Edited By Chung H. Lee Copyright 2003

    What brought about a financial crisis in the "miracle" economies of Asia? What went wrong with financial reform in Asia? What can the developing countries of the world learn from the reform experiences in Asia?
    Financial Liberalization and the Economic Crisis in Asia analyses how financial liberalization was undertaken in eight Asian countries and how it might be linked to the subsequent crises. The country studies focus on China, India, Indonesia, Japan, Malaysia, the Philippines, South Korea and Thailand.

    Chung H. Lee Introduction: Issues and Findings 1. Bhanupong Nidhiprabha Premature Liberalization and Economic Crisis in Thailand 2. Anwar Nasution Financial Sector Reform and the Current Economic Crisis in Indonesia 3. Yoon Je Cho The Political Economy of the Financial Liberalization in South Korea 4. Chin Kok Fay and Jomo, K.S. From Financial Liberalization to Crisis in Malaysia 5. Maria Socorro Gochoco-Bautista Financial Liberalization and Economic Reform: The Philippine Experience 6. Thomas F. Cargill Japan, the Asian Crisis and Financial Liberalization 7. Nicholas R. Lardy The Case of China 8. Rajendra R. Vaiday Liberalization in India: Issues and Prospects


    Chung H. Lee is Professor of Economics at the University of Hawaii at Manoa and a former Senior Fellow at the East-West Center, Hawaii. He is a co-editor of The Politics of Finance in Developing Countries and Financial Systems and Economic Policy in Developing Countries.

    'The book will be of particular interest not only to policy-makers but also to researchers in the history of economic development and those interested in the Asian economies and the aftermath of the Asian financial crisis.' - ASEAN Economic Bulletin