Examines the Malaysian economic crisis of 1997-98. The book argues that the crisis was not due to macroeconomic profligacy on the part of governments, but was due to foreign portfolio investor sentiment, herd behaviour, transborder contagion, reversal of short-term capital flows, asset price deflation and their ramifications. The Malaysian economy is compared to others in the region and the effects of contradictory fiscal and monetary policies are traced. The remarkable recovery in Malaysia seen as principally due to ...
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Examines the Malaysian economic crisis of 1997-98. The book argues that the crisis was not due to macroeconomic profligacy on the part of governments, but was due to foreign portfolio investor sentiment, herd behaviour, transborder contagion, reversal of short-term capital flows, asset price deflation and their ramifications. The Malaysian economy is compared to others in the region and the effects of contradictory fiscal and monetary policies are traced. The remarkable recovery in Malaysia seen as principally due to successful Keynesian reflationary efforts as well as fortuitous external circumstances, most notably the electronics boom. The authors conclude that reform in the international financial system is urgently needed, but warn that reform prospects have worsened with economic recovery and the apparently receding threat of fresh crises.
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Good. Ships from UK in 48 hours or less (usually same day). Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. 100% money back guarantee. We are a world class secondhand bookstore based in Hertfordshire, United Kingdom and specialize in high quality textbooks across an enormous variety of subjects. We aim to provide a vast range of textbooks, rare and collectible books at a great price. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. We provide a 100% money back guarantee and are dedicated to providing our customers with the highest standards of service in the bookselling industry.
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Textual graphs & tables. Minor rubbing. Light binding corner bumps. VG. 22x15cm, xliii, 321 pp. Contents: From Currency Crisis to Recession; Pre-Crisis Economic Weaknesses & Vulnerabilities; Financial Regulation, Crisis & Policy Response; Financial Liberalisation & System Vulnerability; Capital Flows; Capital Flows Volatility; Capital Controls; Social Impacts; East Asian Comparisons.
