The Asian Crisis : : Is There a Way Out? / / Max Corden.

• Superior document: Title is part of eBook package: De Gruyter Asian Studies Archive (pre 2000) eBook Package
• VerfasserIn: Corden, Max,
• Place / Publishing House: Singapore : : ISEAS Publishing, , [1998]; ©1998
• Year of Publication: 1998
• Language: English
• Physical Description: 1 online resource (90 p.)

Given that a financial crisis in the capital and foreign exchange markets, caused by a sudden loss of confidence, has taken place, how are the effects transmitted to the real economy? Why must such a crisis cause a recession, or even a depression? How can such transmission to the real economy be avoided or at least minimized? Surely it is not inevitable that workers and poor people should suffer so much from financial mistakes, nor that there should be such a loss of national output owing to unemployment and excess capacity caused by lack of demand. This is the focus of this book.

Table of Contents

Frontmatter -- CONTENTS -- INTRODUCTION -- A SIMPLE KEYNESIAN DEMAND STORY -- THE KEYNESIAN SOLUTION -- PROBLEMS OF FISCAL EXPANSION -- THE EXCHANGE RATE AND THE HOPED-FOR EXPORT BOOM -- BIG PROBLEMS CREATED BY EXCESSIVE EXCHANGE RATE DEPRECIATIONS -- THE DOMESTIC FINANCIAL BREAKDOWN -- DO THE CRITICS OF THE IMF HAVE A CASE? -- LESSONS FROM MEXICO -- THE SHORT TERM VERSUS THE LONG TERM -- A FINAL WORD ON THE IMF -- A POSTSCRIPT ON INDONESIA -- REFERENCES -- INDEX -- About the Author