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The Asian Financial Crisis: Origins, Implications, and Solutions / Edition 1
     

The Asian Financial Crisis: Origins, Implications, and Solutions / Edition 1

by William C. Hunter
 

ISBN-10: 0792384725

ISBN-13: 9780792384724

Pub. Date: 05/31/1999

Publisher: Springer US

This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago an d the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants incl uded a broad range of academic, industry, and regulatory experts repre senting more

Overview

This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago an d the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants incl uded a broad range of academic, industry, and regulatory experts repre senting more than thirty countries. Topics discussed included the orig in of the individual crises; early warning indicators; the role played by the global financial sector in this crisis; how, given an internat ional safety net, potential risks of moral hazard might contribute to further crises; the lessons for the international financial system to be drawn from the Asian crisis; and what the role of the International Monetary Fund might be in future rescue operations.

Product Details

ISBN-13:
9780792384724
Publisher:
Springer US
Publication date:
05/31/1999
Edition description:
1999
Pages:
526
Product dimensions:
6.10(w) x 9.25(h) x 0.05(d)

Table of Contents

Acknowledgements. Preface. Part I: Opening Remarks. 1. The IMF and the Asian Crisis: A View from the Executive Board; K. Lissakers. 2. The Asian Financial Crisis; M.H. Moskow. Part II: Origins of the Asian Crisis. 3. What Caused the Recent Asian Currency Crisis? C. Burnside, et al. 4. Origins of the Crisis in Asia; M.P. Dooley. 5. Thoughts on the Origins of the Asian Crisis: Impulses and Propagation Mechanisms; R. Glick. 6. Origins of the Asian Crisis: Discussion; R. Chang. Part III: Causes and Implications of the Asian Crisis - The Role of the Financial Sector, Domestic Policies, and Contagion. 7. Precarious Credit Equilibria: Reflections on the Asian Financial Crisis; J.R. Bisignano. 8. Causes and Implications of the Asian Crisis: An Indonesian View; J.S. Djiwandono. 9. The Korean Banking Crisis: Picking up the Pieces; W.C. Hunter. 10. Asian Currency Crisis; D. Lachman. 11. Causes and Implications of the Asian Crisis; F. Larsen. 12. The Yen and Boom - Bust Cycle in East Asia; K. Ueda. 13. Causes and Implications of the Asian Crisis: The Role of Financial Sector, Domestic Policies, and Contagion; C. Wibulswasdi. Part IV: Response to the Crisis - Overview and Case Studies. 14. Asian Crisis: Causes and Remedies; B.B. Aghevli. 15. Korea's Financial Sector Reforms; S. Claessens, et al. 16. Whither Thailand; Y. Iwasaki. 17. Comment on 'Asian Crisis: Causes andRemedies'; R.J. Herring. 18. The East Asian Financial Crisis: A Year Later; Yung Chul Park. 19. Removing Financial Bottlenecks to Labor Productivity in Thailand; R. Townsend. Part V: Containing the Risks of Future Crisis – Strengthening the Regulatory Framework. 20. What's Wrong with the IMF? What Would Be Better? A.H. Meltzer. 21. Containing the Risks of Future Crises: Strengthening the Regulatory Framework; T. de Swaan. 22. Banking Fragility, Effectiveness, and Regulation in Less-Developed Countries; G.J. Benston. 23. Comments on 'What's Wrong with the IMF?' and 'Containing the Risks'; A.K. Kashyap. 24. Commentary on 'What's Wrong with the IMF?' and 'Containing the Risks'; C.-J. Lindgren. Part VI: Early Warning Indicators, Transparency, and Market Response. 25. Improving Transparency in Asian Banking Systems; J.S. Fons. 26. Early Warning Indicators of Financial Crises; M. Goldstein. 27. The Asian Crises: A New Breed or Déjà Vu? G.L. Kaminsky. 28. The Inevitable Perils of a Precocious Giant; J.A. Wing. 29. Banks and the Asian Crisis; M. Mayer. 30. The Signals Approach to Early Warning of Currency Crisis: Does It Work and Is There a Better Way? A. Berg, C. Pattillo. 31. Will Greater Disclosure and Transparency Prevent the Next Banking Crisis? E. Rosengren. Part VII: Moral Hazard and the Role of International Rescue Programs. 32. Moral Hazard is Avoidable; C.W. Calomiris. 33. Moral Hazard

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