Are Financial Sector Weaknesses Undermining the East Asian Miracle?
Are Financial Sector Weaknesses Undermining the East Asian Miracle?

Author: Stijn Claessens

Publisher: World Bank Publications

Published: 1997

Total Pages: 52

ISBN-13: 9780821340066

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IFC Technical Paper No. 3. Inflation plagues many of the developing countries in which the International Finance Corporation (IFC) operates. To date, however, little is known about the impact of inflation on the financial statements of firms in developing countries. The authors of this study have developed a simple algorithm, based on the method of inflation accounting used in Brazil, and have applied it to the accounts of listed companies in Turkey for the period 1982-90. The paper documents an inflation-induced bias in financial statements and introduces a methodology for adjusting corporate financial statements for inflation effects.

The East Asian Crisis
The East Asian Crisis

Author: Ms.Kalpana Kochhar

Publisher: International Monetary Fund

Published: 1998-09-01

Total Pages: 56

ISBN-13: 1451935544

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This paper reviews macroeconomic developments during the first year of the crisis in east Asia and draws some preliminary policy lessons. The crisis is rooted in the interaction of large capital inflows and weak private and public sector governance. At the same time, macroeconomic adjustment in these countries has resulted in some surprising outcomes, including severe economic contractions, low inflation, and rapid external adjustment. The lessons for crisis resolution include the importance of tight monetary policy early on for exchange rate stabilization, flexible fiscal policy, and comprehensive structural reform. Crises are avoided by prudent macroeconomic policies, diligent bank supervision, transparent data dissemination, strong governance, and forward-looking policymaking, even in good times.

Economic Growth with Equity
Economic Growth with Equity

Author: Kevin Watkins

Publisher: Oxfam Pub

Published: 1998

Total Pages: 162

ISBN-13:

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Kevin Watkins analyses the manner in which the economies of East Asia have attained high economic growth rates and managed to share the prosperity widely. A caveat is included as some groups have been excluded from these benefits on ethnic grounds.

Rethinking the East Asian Miracle
Rethinking the East Asian Miracle

Author: Joseph E. Stiglitz

Publisher: World Bank Publications

Published: 2001-06-01

Total Pages: 538

ISBN-13: 0195216008

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This volume provides highly illuminating, analytic perspectives on key facets of the East Asian economies. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies, regulatory capability, and proposes remedies. Rethinking the East Asian Miracle is an indispensable book for all those with an interest in East Asia's prospects in the early decades of the new century.

The Evidence and Impact of Financial Globalization
The Evidence and Impact of Financial Globalization

Author:

Publisher: Academic Press

Published: 2012-12-31

Total Pages: 807

ISBN-13: 012405899X

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The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. - Substantial articles by top scholars sets this volume apart from other information sources - Rapidly developing subjects will interest readers well into the future - Reader demand and lack of competitors underline the high value of these reference works

Korean Economic Reform
Korean Economic Reform

Author: Robert F. Emery

Publisher: Routledge

Published: 2017-07-12

Total Pages: 357

ISBN-13: 1351760076

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This title was first published in 2001. In 1997 the author was told, by an official at the Korean embassy in Washington DC, that the most serious economic problem facing Korea was the need for reform of the financial sector. This proved to be true, as a financial crisis hit Korea in November 1997. Though problems arising before November 1997 indicate that Korea's economic problems were not solely financial. This study covers earlier reform efforts, the 1997 crisis and the measures taken by Korea since then to deal with the country's economic problems. It attempts to analyze the problems and offer suggestions as to how problems might corrected or resolved.

An International Finance Reader
An International Finance Reader

Author: Dilip K. Das

Publisher: Psychology Press

Published: 2003

Total Pages: 544

ISBN-13: 9780415312622

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Here leading world economic experts examine topical issues of international finance such as globalization, multilateral financial institutions and capital flows to emerging economies. Ideal for students, businesspeople and policy makers.

Asia-Pacific Transitions
Asia-Pacific Transitions

Author: D. Andersson

Publisher: Springer

Published: 2001-01-19

Total Pages: 290

ISBN-13: 0230628451

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Modern focus on the Asia Pacific has centred on its rapid transformation in the span of a mere two decades. Since the 1997 economic crisis however, attention has now turned to transition issues as the region faces the challenge of global structural transformation that has and will affect the direction of the region's long-term development. Drawing from a range of contributors from several disciplines, this book seeks to capture some of the multifaceted dimensions of these transitions as the region adjusts to new global realities.

Asia-Pacific Financial Deregulation
Asia-Pacific Financial Deregulation

Author: Gordon De Brouwer

Publisher: Routledge

Published: 2002-03-11

Total Pages: 342

ISBN-13: 1134619332

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Recent events in East Asia have highlighted the risks of volatility and contagion in a financially integrated world. Countries in the region had been at the forefront of the movement towards increased integration but the crisis that struck Thailand in July 1997, and the rapidity with which it spread to other East Asian nations, suggested that all was not well. Weaknesses in domestic financial intermediation, poor corporate governance and deficient government responses to large capital inflows all played a role in the build-up of vulnerability. Asia-Pacific Financial Deregulation provides an insight into financial liberalisation and structural reform in the region generally and as illustrated by a number of countries.