Globalization, Politics, and Financial Turmoil: Asia's Banking Crisis - Brossura

Satyanath, Shanker

Brossura

ISBN 10: 0521107431 ISBN 13: 9780521107433

Casa editrice: Cambridge University Press, 2009

Riassunto

In a world where capital moves freely across national borders, developing countries have increasingly been subjected to devastating financial crises caused by the sudden withdrawal of foreign capital. How do such crises come about? This book focuses on a novel causal path: that of miscommunication. By examining the determinants of Asia's financial crisis of 1997–8, it demonstrates why developing democracies are exceptionally vulnerable to breakdowns in communication between financial officials and the chief executive and outlines the disastrous consequences of such breakdowns. The book offers a framework for predicting where chief executives are most likely to be ill informed about critical economic variables. It also considers those situations in which politicians are dependent on financial officials whom they cannot completely trust or in which multiple veto players damage the flow of information.

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Recensione

Review of the hardback: '... this book identifies a novel causal path to weak banking regulation in Asia ... it does well ... [I] recommend it to all readers wishing to see how game theoretic modelling can provide a plausible explanation for a recent event with significant economic and political ramifications.' Development Policy Review

Descrizione del libro

This book focuses on the role of miscommunication in the financial crises of developing nations. By examining the determinants of Asia's financial crisis of 1997–8, it demonstrates why developing democracies are vulnerable to breakdowns in communication and outlines the disastrous consequences of such breakdowns.

Su questa edizione

• Editore: Cambridge University Press
• Data di pubblicazione: 2009
• ISBN 10: 0521107431
• ISBN 13: 9780521107433
• Rilegatura: Copertina flessibile
• Numero edizione: 1
• Numero di pagine: 176