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Financial Liberalization and the Asian Crisis

Financial Liberalization and the Asian Crisis

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9780230518629
Condition
New
Product Description

The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.

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