Two crises, different outcomes : East Asia and global finance / edited by T.J. Pempel and Keiichi Tsunekawa.

Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008-9 and the Asian financial crisis of 1997-98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast,...

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Online Access: Full Text (via ProQuest)
Other Authors: Pempel, T. J., 1942- (Editor), Tsunekawa, Keiichi, 1948- (Editor), Basri, M. Chatib
Format: eBook
Language:English
Published: Ithaca : Cornell University Press, [2015]
Series:Cornell studies in political economy.
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MARC

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245 0 0 |a Two crises, different outcomes :  |b East Asia and global finance /  |c edited by T.J. Pempel and Keiichi Tsunekawa. 
264 1 |a Ithaca :  |b Cornell University Press,  |c [2015] 
300 |a 1 online resource. 
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490 1 |a Cornell studies in political economy. 
500 |a Papers originally presented at two conferences held in September 2010 and February 2012 at the Japan International Cooperation Agency Research Institute. 
504 |a Includes bibliographical references (pages 235-258) and index. 
505 0 |a Introduction : crises, corrections and challenges / T.J. Pempel and Keiichi Tsunekawa -- Two crises, two responses / T.J. Pempel -- A tale of two crises : Indonesia's political economy / Mohammad Chatib Basri -- Unraveling the enigma of East Asian economic resiliency : the case of Taiwan / Yun-han Chu -- Financial restructuring after the 1997 crisis and the impact of the Lehman shock : path dependence in the financial systems of Korea and Thailand / Yasunobu Okabe -- China and the two crises : from 1997 to 2009 / Barry Naughton -- 99 problems (but a crisis ain't one) : political business and external vulnerability in island Southeast Asia / Thomas B. Pepinsky -- Success as trap? : crises and challenges in export-oriented Southeast Asia / Richard Doner -- Japan : the political economy of long stagnation / Keiichi Tsunekawa -- Conclusion : toward a second East Asia miracle? / T.J. Pempel and Keiichi Tsunekawa. 
520 |a Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008-9 and the Asian financial crisis of 1997-98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time, Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success. Contributors: Muhamad Chatib Basri, Minister of Finance of the Republic of Indonesia and Professor of Economics at the University of Indonesia; Yun-han Chu, Institute of Political Science, Academia Sinica; Richard Doner, Emory University; Barry Naughton, University of California, San Diego; Yasunobu Okabe, Japan International Cooperation Agency Research Institute; T.J. Pempel, University of California, Berkeley; Thomas Pepinsky, Cornell University; Keiichi Tsunekawa, National Graduate Institute for Policy Studies, Tokyo. 
588 |a Description based on print version record. 
650 0 |a Financial crises  |z Asia  |v Congresses. 
650 0 |a Global Financial Crisis, 2008-2009  |v Congresses. 
651 0 |a Asia  |x Economic conditions  |y 1945-  |v Congresses. 
651 0 |a Asia  |x Economic conditions  |y 21st century  |v Congresses. 
650 7 |a Economic history.  |2 fast  |0 (OCoLC)fst00901974. 
650 7 |a Financial crises.  |2 fast  |0 (OCoLC)fst00924607. 
651 7 |a Asia.  |2 fast  |0 (OCoLC)fst01240495. 
655 7 |a Conference papers and proceedings.  |2 fast  |0 (OCoLC)fst01423772. 
700 1 |a Pempel, T. J.,  |d 1942-  |e editor. 
700 1 |a Tsunekawa, Keiichi,  |d 1948-  |e editor. 
700 1 2 |a Basri, M. Chatib.  |t Tale of two crises.  |i Container of (work): 
776 0 8 |i Print version:  |t Two crises, different outcomes  |d Ithaca : Cornell University Press, [2015]  |z 9780801453403 (cloth : alk. paper)  |w (DLC) 2014022390. 
830 0 |a Cornell studies in political economy. 
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