In a fascinating account of the financial disaster which engulfed Southeast and East Asia in 1997, Gerald Tan explains the causes, events, reactions to, and effects of, the Asian currency crisis. Starting with the crash of the Thai Baht, Professor Tan traces the chain of events and details the economic, social and political consequences in all the countries involved. The responses of the major economic institutions like the World Bank and the IMF are described. He also includes a chapter on the Asian economic miracle in the years before the crash, and asks whether that sort of growth was sustainable anyway. The final chapters deal with the lessons to be learnt and the possible paths to recovery. This is essential reading for anyone in the fields of finance, economics or politics, and it is also interesting and accessible to the lay-reader.
Book Description
Editorial Reviews
About the Author
Gerald Tan is a graduate of the London School of Economics and St John's College, Oxford. At present, he teaches in the Department of Asian Studies and Languages, Flinders University, Adelaide.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
2 of 2 people found the following review helpful:
4.0 out of 5 stars
Excellent work -- informative and scholarly,
This review is from: The Asian Currency Crisis (Paperback)
As someone who is not an economist, I am in no position to rate Tan's arguments vis-a-vis the positions of other economists. However, as an introduction to the complexities of the 1998 meltdown in Asian economies, this book is first-rate. It is very well organized.Dealing with the crisis chronologically, and country-by-country, Tan is able to illustrate patterns that span the whole event, and unique events within each country. He treats the responses of each country, and does not shirk from providing a sober and often scathing assessment of the attitudes and policy responses of individual countries. His political analyses are just as useful, since the implications of the event have so much to do with the political makeup of individual countries, and their political and financial institutions. Market data is used extensively to support his claim. There is a tremendous and often overwhelming plethora of data. However, if one is just looking for an identification of major patterns and analyses, Tan illustrates this very clearly within his chapters. This book is a great resource for someone who wants access to source data that is relevant to the Asian Meltdown, as well as just a broad introduction to the phenomena that helps a reader trying to understand such a significant event (or series of events).
Share your thoughts with other customers: Create your own review
|
|
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
