Globalization, politics, and financial turmoil: Asia's banking crisis

Shanker Satyanath

    Research output: Book/ReportBook

    Abstract

    In a world where capital moves freely across national borders, developing countries have increasingly been subjected to devastating financial crises caused by the sudden withdrawal of foreign capital. How do such crises develop? This book focuses on a novel causal path: That of miscommunication. By examining the determinants of Asia's financial crisis of 1997-98, it demonstrates why developing democracies are exceptionally vulnerable to breakdowns in communication between financial officials and the chief executive and outlines the disastrous consequences of such breakdowns.

    Original languageEnglish (US)
    PublisherCambridge University Press
    Number of pages156
    ISBN (Electronic)9780511510373
    ISBN (Print)052185492x, 9780521854924
    DOIs
    StatePublished - Jan 1 2005

    ASJC Scopus subject areas

    • Social Sciences(all)

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