000			01783nam a2200217Ia 4500
999			_c73206 _d73206
005			20220513170831.0
008			200204s9999 xx 000 0 und d
020			_a9780195667738
082			_a332.673 DES
100			_aDesai, Padma
245		0	_aFinancial crisis contagion and containment
260			_aNew Delhi
260			_bOUP
260			_c2004
300			_a303 p.
365			_b 695.00
365			_dRS
520			_aThis book provides a sweeping, up-to-date, and boldly critical account of thefinancial crises that rocked East Asia and other parts of the world beginningwith the collapse of the Thai baht in 1997. Retracing the story of Asia's CrisisFive - Indonesia, Malaysia, South Korea, the Philippines, and Thailand - theauthor argues that the region's imprudently fast-paced opening to the free flowof capital was pushed by determined advocates, official and private, in theglobal economy's U.S.-led developed center. Turmoil ensued in these peripheraleconomies, the Russian ruble faltered, and Brazil was eventually hit. Theinequitable center-periphery relationship also extended to the policy measuresthat the crisis-swept economies implemented under International Monetary Fundbailouts, which intensified the downturns induced by the panic-driven outflowsof short-term capital. Financial Crisis, Contagion, And Containmentexamines crisis origin and resolution in a comparative perspective by combingempirical evidence from the most robust economies to the least. Engaging and nontechnical yet deeply insightful, this book appears at atime when the continuing turmoil in Argentina has revived policy debates foravoiding and addressing financial crises in emerging market economies.
650			_aFinancial crisis-Asia to Argentina
942			_cB _2ddc