Globalization, politics, and financial turmoil : Asia's banking crisis / Shanker Satyanath.

Format:

Book

Author/Creator:

Satyanath, Shanker, 1958- author.

Series:

Political economy of institutions and decisions.

Political economy of institutions and decisions

Language:

English

Subjects (All):

Banks and banking--Asia.

Banks and banking.

Capital movements--Asia.

Capital movements.

Bank management--Asia.

Bank management.

Banking law--Asia.

Banking law.

Financial crises--Asia.

Financial crises.

Physical Description:

1 online resource (xii, 156 pages) : digital, PDF file(s).

Other Title:

Globalization, Politics, & Financial Turmoil

Place of Publication:

Cambridge : Cambridge University Press, 2006.

Language Note:

English

Summary:

In a world where capital moves freely across national borders, developing countries have increasingly been subjected to devastating financial crises caused by the sudden withdrawal of foreign capital. How do such crises come about? This book focuses on a novel causal path: that of miscommunication. By examining the determinants of Asia's financial crisis of 1997-98, it demonstrates why developing democracies are exceptionally vulnerable to breakdowns in communication between financial officials and the chief executive and outlines the disastrous consequences of such breakdowns. The book offers a framework for predicting where chief executives are most likely to be ill informed about critical economic variables. It also considers those situations in which politicians are dependent on financial officials whom they cannot completely trust or in which multiple veto players damage the flow of information.

Contents:

Chapter 1: Introduction

Chapter 2: Bank Regulation in the Debate Over Capital Flow Liberalization

Chapter 3: The Signaling Argument

Chapter 4: Incredible Signaling in Democracies: The Cases of Thailand, South Korea, and the Philippine

Chapter 5: Unorthodox Solutions to the Signaling Problem: The Cases of Malaysia and Indonesia

Chapter 6: Orthodox Solutions to the Signaling Problem: The Cases of Singapore and Hong Kong

Chapter 7: Some Concluding Remarks.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-15517-7

1-280-41643-2

0-511-18288-0

0-511-13907-1

0-511-14076-2

0-511-30106-5

0-511-51037-3

0-511-13999-3

OCLC:

252492900