TY - BOOK
T1 - Globalization, politics, and financial turmoil
T2 - Asia's banking crisis
AU - Satyanath, Shanker
N1 - Publisher Copyright:
© Shanker Satyanath 2006 and Cambridge University Press, 2009.
PY - 2005/1/1
Y1 - 2005/1/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84922896673&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84922896673&partnerID=8YFLogxK
U2 - 10.1017/CBO9780511510373
DO - 10.1017/CBO9780511510373
M3 - Book
AN - SCOPUS:84922896673
SN - 052185492x
SN - 9780521854924
BT - Globalization, politics, and financial turmoil
PB - Cambridge University Press
ER -