Description
Book SynopsisThis book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imp
Trade Review"Financial Crisis, Contagion, and Containment is though-provoking for economic and financial practitioners who want to better understand financial crises and the IMF's attendant policy responses. Although originally written in 2003, the book remains relevant today."--MKB, Financial Analysts Journal
Table of Contents*Frontmatter, pg. i*Contents, pg. vii*Preface, pg. ix*1. Introduction, pg. 1*2. The U.S. Economy in Transition, pg. 13*3. The Euro: Teething Troubles and Faltering Responses, pg. 46*4. Japan: The Lost Decade of the Nineties amidst Policy Paralysis, pg. 70*5. The Asian Financial Crisis, pg. 86*6. The Asian Crisis Chronology, pg. 119*7. The Ruble Collapses in August 1998, pg. 136*8. Contagion from the Ruble to the Real, pg. 162*9. Beyond Bangkok: Crisis Erupts in Buenos Aires and in the Bosphorus, pg. 172*10. The Contagion, pg. 197*11. International Monetary Fund to the Rescue: How Did It Fare? Badly, pg. 212*12. Crisis Prevention and Containment: The Next Steps in Financial Reform, pg. 263*References, pg. 285*Index, pg. 293
