1st Edition

Lessons from the Asian Financial Crisis

Edited By Richard Carney Copyright 2009
288 Pages 54 B/W Illustrations
by Routledge

288 Pages 54 B/W Illustrations
by Routledge

288 Pages 54 B/W Illustrations
by Routledge

Nearly ten years after the Asian Financial Crisis, financial turmoil has reappeared – this time it is ravaging the world's wealthiest countries and dragging the global economy along for the ride. It forces one to reflect on the last major financial crisis to afflict the global economy, and to consider whether there are any similarities, and whether there are any lessons from that crisis that we... Read more

1. Introduction Richard Carney  PART I:  OVERVIEW  2. From Miracle to Misadventure: The Political Economy of the 1997-98 Crises John Ravenhill  3. Causes of the 1997-1998 East Asian Crises and Obstacles to Implementing Lessons Jomo Kwame Sundaram  PART II: LESSONS LEARNED AND NOT LEARNED  4. Indonesian Financial Crisis Ten Years After: An Insider’s View Soedradjad Djiwandono  5. The Asian Financial Crisis 10 Years Later: What Lessons Have We Learned? Anwar Ibrahim  6. Ten Years from the Financial Crisis: Managing the Challenges Posed by Capital Flows Khor Hoe Ee and Kit Wei Zheng  7. The Asian Financial Crisis Ten Years Later – Lessons Learnt: The Private Sector Perspective Manu Bhaskaran  8. Politics, Policy, and Corporate Accountability Peter Gourevitch  PART III: PREPARATIONS FOR FUTURE PROBLEMS  9. The Asian Financial Crisis Revisited: Lessons, Responses and New Challenges Masahiro Kawai and Pradumna B. Rana  10. Ten Years After the Asian Crisis: Is the IMF Ready for "Next Time"? Stephen Grenville  11. The Post-Asia-Crisis System of Global Financial Regulation And Why Developing Countries Should Be Worried About It Robert Wade  PART IV: CONCLUSIONS  12. Conclusions Hubert Neiss

Biography

Richard Carney is Assistant Professor in the S. Rajaratnam School of International Studies at Nanyang Technological University