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A Tale of Two Crises: A Mutidisciplinary Analysis

A Tale of Two Crises: A Mutidisciplinary Analysis

Hardcover

Economics

ISBN10: 0415634288
ISBN13: 9780415634281
Publisher: Routledge
Published: Nov 8 2012
Pages: 128
Weight: 1.20
Height: 0.60 Width: 6.20 Depth: 9.40
Language: English

Some analysts looked at the 1997/98 East Asian crisis not as one crisis but as a combination of crises, beginning with a crisis of confidence and evolving into a currency crisis, a financial crisis, an economic crisis, a social crisis and a political crisis.

This book is a multidisciplinary study of financial crises, in particular, the Asian crisis of 1997 and the more recent global financial crisis of 2008. Looking at financial crises not as one crisis, but as a combination of crises beginning with a crisis of confidence, this study steps out of the traditional mould and examines financial crises from novel perspectives. The book highlights that since the origin of a financial crisis is a confidence crisis, either in the whole economy or a particular sector, the Asian and recent global crises could have backward and forward linkages to political regimes and institutions, culture and tradition, the role of the media, society and societal evolution and development processes of regulatory regimes.

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