International Financial Contagion

Released on by Stijn Claessens
preview-18

  • International Financial Contagion Book Detail

  • Author : Stijn Claessens
  • Release Date : 2013-04-17
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 461
  • ISBN 13 : 1475733143
  • File Size : 23,23 MB
DOWNLOAD BOOK

International Financial Contagion by Stijn Claessens PDF Summary

Book Description: No sooner had the Asian crisis broken out in 1997 than the witch-hunt started. With great indignation every Asian economy pointed fingers. They were innocent bystanders. The fundamental reason for the crisis was this or that - most prominently contagion - but also the decline in exports of the new commodities (high-tech goods), the steep rise of the dollar, speculators, etc. The prominent question, of course, is whether contagion could really have been the key factor and, if so, what are the channels and mechanisms through which it operated in such a powerful manner. The question is obvious because until 1997, Asia's economies were generally believed to be immensely successful, stable and well managed. This question is of great importance not only in understanding just what happened, but also in shaping policies. In a world of pure contagion, i.e. when innocent bystanders are caught up and trampled by events not of their making and when consequences go far beyond ordinary international shocks, countries will need to look for better protective policies in the future. In such a world, the international financial system will need to change in order to offer better preventive and reactive policy measures to help avoid, or at least contain, financial crises.

Disclaimer: www.yourbookbest.com does not own International Financial Contagion books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

International Financial Contagion

International Financial Contagion

File Size : 43,43 MB
Total View : 8919 Views
DOWNLOAD

No sooner had the Asian crisis broken out in 1997 than the witch-hunt started. With great indignation every Asian economy pointed fingers. They were innocent by

Global Financial Contagion

Global Financial Contagion

File Size : 29,29 MB
Total View : 1474 Views
DOWNLOAD

This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, w

Financial Contagion

Financial Contagion

File Size : 59,59 MB
Total View : 791 Views
DOWNLOAD

"Financial Contagion: The Viral Threat to the Wealth of Nations covers a lot of territory. It is, of course, terribly important to analyze case histories to dis

What is International Financial Contagion?

What is International Financial Contagion?

File Size : 55,55 MB
Total View : 3622 Views
DOWNLOAD

Despite the growing popularity of blaming 'contagion' for international financial crises, contagion remains an elusive concern. Without a clear understanding of