Trauma to Triumph:Rising from the Ashes of the Asian Financial Crisis

Edited by Hoe Ee Khor, Diwa C Guinigundo and Masahiro Kawai ()

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This book takes stock of and analyzes the events during the Asian financial crisis (AFC) and subsequent developments, including the global financial crisis (GFC), that led to the development of the ASEAN+3 regional financial cooperation framework and the establishment of the ASEAN+3 Macroeconomic Research Office. The book is the first of its kind to compile comprehensive recollections of the major players during the AFC and the GFC, including country-level narratives on the causes and developments of the crises, and measures to overcome them. The book not only presents an analytical and deeper examination of country experiences during both crises, but also assesses the two crises and covers the lessons learnt from the crises, particularly with a focus on the development of regional financial cooperation. The book concludes with regional financial cooperation in retrospect, aiming to catalyze further discussions on the direction of the region's financial cooperation.

Keywords: ASEAN+3; Asian Financial Crisis; Global Financial Crisis (search for similar items in EconPapers)
JEL-codes: F02 F3 G01 (search for similar items in EconPapers)
Date: 2022
ISBN: 9789811253256
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https://www.worldscientific.com/worldscibooks/10.1142/12753 (text/html)
Ebook Access is available upon purchase

Chapters in this book:

Ch 1 Introduction and Overview , pp 3-43

Hoe Ee Khor, Diwa C. Guinigundo, Masahiro Kawai and Kimi Xu Jiang

Ch 2 Introduction , pp 47-50

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 3 Thailand , pp 51-69

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 4 Indonesia , pp 71-88

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 5 Korea , pp 89-109

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 6 Malaysia , pp 111-125

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 7 Philippines , pp 127-137

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 8 Hong Kong , pp 139-150

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 9 Singapore , pp 151-159

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 10 Japan , pp 161-173

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 11 China , pp 175-183

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 12 International Monetary Fund , pp 185-194

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 13 Policy Insights from the Asian Financial Crisis , pp 195-202

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai

Ch 14 Thailand , pp 205-235

Chalongphob Sussangkarn

Ch 15 Indonesia , pp 237-285

Iwan J. Azis

Ch 16 Malaysia , pp 287-322

Sukudhew Singh

Ch 17 Korea , pp 323-369

Joon-Ho Hahm and Hyeon-Wook Kim

Ch 18 Philippines , pp 371-427

Wilhelmina C. Mañalac

Ch 19 Hong Kong: Weathering the AFC and the GFC , pp 429-457

Hans Genberg

Ch 20 Singapore , pp 459-487

San Ling Lam

Ch 21 ASEAN’s Newer Members in Two Crises , pp 489-525

Jayant Menon

Ch 22 China , pp 527-568

Haihong Gao

Ch 23 Japan , pp 569-615

Masahiro Kawai and Shinji Takagi

Ch 24 International Capital Flows in ASEAN+3 , pp 619-669

Soyoung Kim and Hyungji Kim

Ch 25 IMF Surveillance and Crisis Lending in Emerging Asia , pp 671-710

Shinji Takagi

Ch 26 The CMI and CMIM , pp 711-762

Beomhee Han

Ch 27 Institutionalizing ASEAN+3 Regional Financial Cooperation and the Birth of AMRO , pp 763-792

Yoichi Nemoto and Faith Qiying Pang

Ch 28 EMEAP and the Financial Crises , pp 793-816

Diwa C. Guinigundo

Ch 29 Asian Bond Markets Initiative , pp 817-851

Satoru Yamadera

Ch 30 ASEAN+3 Regional Financial Cooperation in Retrospect , pp 855-882

Hoe Ee Khor, Diwa C. Guinigundo, Masahiro Kawai and Jinho Choi

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