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Crisis, Reform and Recovery (Epub & Pdf)

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The Asian Financial Crisis: Crisis, Reform and Recovery by Shailendra D. Sharma Details

The Asian financial crisis of 1997-98 rocked the foundations of the global economy, and what started at the time of the local currency crisis soon swept through the entire Asian…

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The Asian financial crisis of 1997-98 rocked the foundations of the global economy, and what started at the time of the local currency crisis soon swept through the entire Asian regionWhat is wrong, and how long have the Asian economies considered that "miracles" respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role has the IMF played? Why has China, which suffers from many of the same structural problems responsible for the crisis, remained so isolated from the turmoil in its midst? What explains the remarkable recovery now taking place in Asia? What are the main ways in which the Asian crisis served as a catalyst for the current thinking of the "new international financial architecture"? This book provides answers to all the above questions and more, provides a comprehensive overview of how the international economic system works, examines its strengths and weaknesses, and what needs to be done to reform it.

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