Author: Mihir Rakshit
Publisher: Oxford University Press
ISBN/UPC (if available): 0195657233
This volume analyses the recent financial upheaval in East Asian countries, long considered model economies, quite immune to such afflictions.
In tracing the origins of the financial crisis in South Asia and examining the different phases, Rakshit re-examines the main stream theories and policies, and draws some interesting analytical and policy conclusions.
In order to enable the readers to have a deeper understanding of the issues examined in connection with the Asian experience, the first section of the book, 'Currency Crisis: manifestations and theories', discuss the evolution of the international financial system and currency regimes since the second world war
The final part of the book,' Stock taking: analytical and prescriptive' recapitulate how the East Asian experience differed from the earlier episodes of currency turmoil, examines some of its analytical implications and evaluate in this connection the efficacy of alternative domestic and international policies for guarding against upheavals in the foreign exchange market and limiting their damaging impact.
List of Tables
List of Figures and Boxes
List of Abbreviations
Post-War International Finance and Currency Crises: Some Perspectives and Theories
Learning and Unlearning from the Thai Currency Crisis
Crisis, Contagion, and Crash Asian Currency Turmoil
Retracing the Roots of Asian Troubles: 1996-7 Some Analytical Issues
and Empirical Evidence
Crisis and Recovery: 1997-9 East Asia Revisited
Lessons of the Asian Experience