LEADER 04159nam 2200649 450 001 9910787124203321 005 20210429204240.0 010 $a0-691-16460-6 010 $a1-4008-6537-9 024 7 $a10.1515/9781400865376 035 $a(CKB)3710000000277029 035 $a(EBL)1831352 035 $a(OCoLC)894987192 035 $a(SSID)ssj0001410885 035 $a(PQKBManifestationID)11779601 035 $a(PQKBTitleCode)TC0001410885 035 $a(PQKBWorkID)11400766 035 $a(PQKB)10776744 035 $a(MdBmJHUP)muse41969 035 $a(DE-B1597)459765 035 $a(OCoLC)979583974 035 $a(DE-B1597)9781400865376 035 $a(Au-PeEL)EBL1831352 035 $a(CaPaEBR)ebr10985051 035 $a(CaONFJC)MIL662011 035 $a(PPN)189626941 035 $a(MiAaPQ)EBC1831352 035 $a(EXLCZ)993710000000277029 100 $a20141121h20032003 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial crisis, contagion, and containment $efrom Asia to Argentina /$fPadma Desai 210 1$aPrinceton, New Jersey :$cPrinceton University Press,$d2003. 210 4$dİ2003 215 $a1 online resource (299 p.) 300 $aDescription based upon print version of record. 311 0 $a1-322-30729-6 311 0 $a0-691-11392-0 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tContents --$tPreface --$t1. Introduction --$t2. The U.S. Economy in Transition --$t3. The Euro: Teething Troubles and Faltering Responses --$t4. Japan: The Lost Decade of the Nineties amidst Policy Paralysis --$t5. The Asian Financial Crisis --$t6. The Asian Crisis Chronology --$t7. The Ruble Collapses in August 1998 --$t8. Contagion from the Ruble to the Real --$t9. Beyond Bangkok: Crisis Erupts in Buenos Aires and in the Bosphorus --$t10. The Contagion --$t11. International Monetary Fund to the Rescue: How Did It Fare? Badly --$t12. Crisis Prevention and Containment: The Next Steps in Financial Reform --$tReferences --$tIndex 330 $aThis 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 imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and Brazil was eventually hit. The inequitable center-periphery relationship also extended to the policy measures that the crisis-swept economies implemented under International Monetary Fund bailouts, which intensified the downturns induced by the panic-driven outflows of short-term capital. Financial Crisis, Contagion, and Containment examines crisis origin and resolution in a comparative perspective by combing empirical evidence from the most robust economies to the least. Why is the U.S. relatively successful at weathering economic ups and downs? Why is Japan stuck in policy paralysis? Why is the European Central Bank unable to achieve both inflation control and stable growth? How can emerging markets avoid turbulence amid free-flowing speculative capital from private lenders of the developed center? Engaging and nontechnical yet deeply insightful, this book appears at a time when the continuing turmoil in Argentina has revived policy debates for avoiding and addressing financial crises in emerging market economies. 606 $aFinancial crises 606 $aEconomic stabilization 615 0$aFinancial crises. 615 0$aEconomic stabilization. 676 $a332/.042 700 $aDesai$b Padma$0119417 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910787124203321 996 $aFinancial crisis, contagion, and containment$93790869 997 $aUNINA