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Globalization, Politics, and Financial Turmoil

Asia's Banking Crisis

Shanker Satyanath Randall Calvert Thrainn Eggertsson

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English
Cambridge University Press
22 December 2005
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.
By:  
Series edited by:   ,
Imprint:   Cambridge University Press
Country of Publication:   United Kingdom
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 14mm
Weight:   390g
ISBN:   9780521854924
ISBN 10:   052185492X
Series:   Political Economy of Institutions and Decisions
Pages:   172
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active

Shanker Satyanath is currently as Assistant Professor in the Department of Politics at New York University. He received his Masters in Management from Northwestern University and his Ph.D. in Political Science from Columbia University.

Reviews for Globalization, Politics, and Financial Turmoil: Asia's Banking Crisis

Review of the hardback: '... this book identifies a novel causal path to weak banking regulation in Asia ... it does well ... [I] recommend it to all readers wishing to see how game theoretic modelling can provide a plausible explanation for a recent event with significant economic and political ramifications.' Development Policy Review


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