{"product_id":"9781461373476","title":"The Asian Financial Crisis: Origins, Implications, and Solutions","description":"\u003ch1\u003eThe Asian Financial Crisis: Origins, Implications, and Solutions\u003c\/h1\u003e \u003ch2\u003eHunter, William C.; Kaufman, George G.; Krueger, Thomas H.\u003c\/h2\u003e \u003cp\u003eIn the late 1990s, Korea, Thailand, Indonesia and Malaysia  experienced a series of major financial crises evinced by widespread  bank insolvencies and currency depreciations, as well as sharp  declines in gross domestic production. This sudden disruption of the  Asian economic `miracle' astounded many observers around the world,  raised questions about the stability of the international financial  system and caused widespread fear that this financial crisis would  spread to other countries. What has been called the Asian crisis  followed a prolonged slump in Japan dating from the early 1980s and  came after the Mexican currency crisis in the mid-1990s. Thus, the  Asian crisis became a major policy concern at the International  Monetary Fund as well as among developed countries whose cooperation  in dealing with such financial crises is necessary to maintain the  stability and efficiency of global financial markets. \u003cbr\u003e  This book collects the papers and discussions delivered at an October  1998 Conference co-sponsored by the Federal Reserve Bank of Chicago  and the International Monetary Fund to examine the causes,  implications and possible solutions to the crises. The conference  participants included a broad range of academic, industry, and  regulatory experts representing more than thirty countries. Topics  discussed included the origin of the individual crises; early warning  indicators; the role played by the global financial sector in this  crisis; how, given an international safety net, potential risks of  moral hazard might contribute to further crises; the lessons for the  international financial system to be drawn from the Asian crisis; and  what the role of the International Monetary Fund might be in future  rescue operations. \u003cbr\u003e  Because the discussions of these topics include a wide diversity of  critical views and opinions, the book offers a particularly rich  presentation of current and evolving thinking on the causes and  preventions of international banking and monetary crises. The book  promises to be one of the timeliest as well as one of the most  complete treatments of the Asian financial crisis and its implications  for future policymaking.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-12-15\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003e ISBN-10: 9781461373476\u003c\/p\u003e \u003cp\u003eISBN-13: 9781461373476\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-5155-3\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 526\u003c\/p\u003e ","brand":"Springer","offers":[{"title":"Default Title","offer_id":44358754500748,"sku":"9781461373476","price":198.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781461373476.jpg?v=1755113395","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781461373476","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}