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Informationen zum Autor Shanker Satyanath is currently as Assistant Professor in the Department of Politics at New York University. He received his Masters in Management from Northwestern University and his PhD in Political Science from Columbia University, New York. Klappentext 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. Zusammenfassung This book focuses on the role of miscommunication in the financial crises of developing nations. By examining the determinants of Asia's financial crisis of 1997–8, it demonstrates why developing democracies are vulnerable to breakdowns in communication and outlines the disastrous consequences of such breakdowns. Inhaltsverzeichnis 1. Introduction; 2. Bank regulation in the debate over capital flow liberalization; 3. The signaling argument; 4. Incredible signaling in democracies: the cases of Thailand, South Korea, and the Philippines; 5. Unorthodox solutions to the signaling problem: the cases of Malaysia and Indonesia; 6. Orthodox solutions to the signaling problem: the cases of Singapore and Hong Kong; 7. Some concluding remarks.
