The Asian Financial Crisis And The Ordeal Of Hong Kong
DOWNLOAD
Download The Asian Financial Crisis And The Ordeal Of Hong Kong PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Asian Financial Crisis And The Ordeal Of Hong Kong book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Asian Financial Crisis And The Ordeal Of Hong Kong
DOWNLOAD
Author : Y. C. Jao
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2001-06-30
The Asian Financial Crisis And The Ordeal Of Hong Kong written by Y. C. Jao and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-06-30 with Business & Economics categories.
Victim, not instigator of the Asian Financial Crisis, Hong Kong was the only economy that succeeded in defending its fully convertible currency, indeed its entire financial system, against speculators, but the price it paid for success has been deep recession. Jao gives an objective, even-handed account and analysis. Without political or ideological preconsiderations he shows how Hong Kong authorities handled their intervention in the equity market in August 1998. Explaining the conventional wisdom that no fixed exchange rate regime can hold out for long against massive speculation. He goes further to show that Hong Kong contributed not only to the eventual easing of the AFC, but to economic stability throughout Asia as well. Jao opens with a discussion of the nature, causes, and consequences of the AFC. After an overview of Hong Kong's economic and financial fundamentals on the eve of the crisis, he examines the impact it had up close. He examines the massive speculation against the Hong Kong dollar, explaining why speculators were defeated. The AFC's impact on the assets market are also explored. He also analyzes the impact on the financial sector and the real economy. Jao studies and answers two hard questions: why was the economic downturn so severe and why was the territory initially a laggard in economic recovery? He then takes up China's role, and presents an objective, balanced view of Hong Kong's money and finance under Chinese sovereignty, followed by a discussion of how China herself coped with the AFC. The book concludes with an in-depth discussion of the lessons the AFC has taught us and the author's reflections on post-AFC issues.
The Asian Financial Crisis And Its Impacts On Hong Kong S Economy
DOWNLOAD
Author : Hong Kong Policy Research Institute Ltd
language : en
Publisher:
Release Date : 1998
The Asian Financial Crisis And Its Impacts On Hong Kong S Economy written by Hong Kong Policy Research Institute Ltd and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Financial crises categories.
China In The Asian Financial Crisis
DOWNLOAD
Author : Peter Nolan
language : en
Publisher: Routledge
Release Date : 2021-06-01
China In The Asian Financial Crisis written by Peter Nolan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-01 with Business & Economics categories.
The widely held view of the Asian Financial Crisis is that it had no substantial impact on China. In fact, the country was far more vulnerable than most people realized, due to the high possibility of financial contagion entering the system from Hong Kong through Guangdong province. This book analyzes the severe policy challenge that it presented for China’s leaders. The crisis in Guangdong’s financial institutions provided a forewarning of the difficulties that lay ahead as China’s integration with the global financial system deepened. The experience of Guangdong in the Asian Financial Crisis provided a profound lesson for China’s policy-makers as they planned the country’s strategy for financial reform in the following years. China was able to avoid disaster by astute and difficult policy choices, in the face of fierce pressure from outside the country, as well as from different domestic interests at many different levels. The successful resolution of the crisis provided a breathing space for the leadership. It gave it time to undertake necessary reforms in the country's financial system in the decade that followed the crisis.
The Asian Financial Crisis New International Financial Architecture
DOWNLOAD
Author : Shalendra Sharma
language : en
Publisher: Manchester University Press
Release Date : 2003-10-03
The Asian Financial Crisis New International Financial Architecture written by Shalendra Sharma and has been published by Manchester University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-03 with Business & Economics categories.
The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles," respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China remain conspicuously insulated from the turmoil raging in its midst? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it. The book will be vital to students of economics, international political economy, Asian and development studies.
Pax Sinica
DOWNLOAD
Author : Y. Y. Kueh
language : en
Publisher:
Release Date : 2012
Pax Sinica written by Y. Y. Kueh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with China categories.
The book confronts the popular conjecture of a Pax Sinica emerging to replace Pax Americana in the wake of global financial crisis. It argues that by virtue of its overwhelming economic, technological and military clout, US hegemony will continue to prevail, though increasingly less coherently, as China's ascendance as a global power accelerates. The argument is underpinned with analysis of different junctures in China's trajectory towards the status of economic giant, from the tacit creation of the ""Greater China"" growth triangle and ordeal of the Asian Financial Crisis, through the breakth.
The Asian Financial Crisis
DOWNLOAD
Author : Shalendra D. Sharma
language : en
Publisher:
Release Date : 2003
The Asian Financial Crisis written by Shalendra D. Sharma and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles," respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China remain conspicuously insulated from the turmoil raging in its midst? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.
Asian Financial Crisis And Hong Kong Economy
DOWNLOAD
Author : Nan Li
language : en
Publisher:
Release Date : 2001
Asian Financial Crisis And Hong Kong Economy written by Nan Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
The Asian Financial Crisis And After
DOWNLOAD
Author : Pak Wai Liu
language : en
Publisher:
Release Date : 1998
The Asian Financial Crisis And After written by Pak Wai Liu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Financial crises categories.
The Asian Financial Crisis
DOWNLOAD
Author : Pierre-Richard Agénor
language : en
Publisher: Cambridge University Press
Release Date : 1999-11-04
The Asian Financial Crisis written by Pierre-Richard Agénor and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-11-04 with Business & Economics categories.
Presents the first theoretical analysis of the Asian financial crisis and draws out the general lessons of an event whose potential long term effects have been likened to those of the Crash of 1929. Part I presents a factual and analytic overview of what happened: the role of 'vulnerability'; the interconnection between currency crises and financial crises; and why crisis turned into collapse. Part II considers more detailed issues, including how the inflation of non-traded goods prices created vulnerability, welfare-reducing capital inflow owing to under-regulated financial markets, and the onset of speculative attacks. Part III assesses all aspects of contagion, in particular the role of geographic proximity. The final section addresses policy issues. Joseph Stiglitz argues that there is much that can be done to reduce the frequency of crises and to mitigate the severity of crises when they happen. The book finishes with a round-table discussion of policy issues.
Reluctant Regulators
DOWNLOAD
Author : Leo F. Goodstadt
language : en
Publisher: Hong Kong University Press
Release Date : 2011-04-01
Reluctant Regulators written by Leo F. Goodstadt and has been published by Hong Kong University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-01 with Business & Economics categories.
The 2007-2009 global financial crisis was predictable and avoidable, but American and British regulators chose not to intervene. They failed to implement their own policies because of an Anglo-American "regulatory culture" of non-intervention that dominated financial regulation worldwide. Hong Kong--the international financial center of an increasingly prosperous China--defied world opinion and made stability its priority. This policy ensured Hong Kong's robust performance during the last 15 years, and it made possible Hong Kong's impressive contributions to financing China's economic take-off and to the modernization of its financial institutions.Reluctant Regulatorsis a scathing indictment of regulatory inertia in the West. It provides original insights into the causes of financial crises and pays special attention to China's attempts at reform and Hong Kong's place in China's financial modernization. Leo F. Goodstadtwas chief policy adviser to the Hong Kong Government as head of its Central Policy Unit (1989-1997) and has had an extensive consultancy practice in Asian banking. He has written widely on the global financial crisis and on China's economic development.