The neglected impact of non-economic factors on the development of financial crises and governmental responses : the Mexican and Malaysian cases of the 1990s
Author(s)
Bibliographic Information
The neglected impact of non-economic factors on the development of financial crises and governmental responses : the Mexican and Malaysian cases of the 1990s
University Press of America, c2012
- : pbk
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Note
Includes bibliographical references (p. [227]-240) and index
Description and Table of Contents
Description
Foreword by Donald J. Puchala, Ph.D. This book considers how a financial crisis develops and how a government responds to a financial crisis. In an attempt to shed light on these questions, it closely examines two cases: Mexico during the Mexican Peso Crisis of 1994 to 1995 and Malaysia during the Asian Financial Crisis of 1997 to 1998. Sumer argues that economic explanations of financial crises fail to fully answer these questions since they do not pay enough attention to non-economic factors stemming from a county's political, societal, institutional and external contexts. The examination of the Mexico and Malaysia cases illustrates this argument and shows that multiple non-economic factors-domestic political, societal, institutional, psychological, and ideological factors as well as external influences and pressures-can play roles as significant as economic factors. Interplay of these non-economic factors with economic ones brought these financial crises and shaped the Mexican and the Malaysian governments' policy behaviors.
Table of Contents
Preface
Foreword
Acronyms
Chapter I: About the Book
Chapter II: The Economic Explanations of Financial Crises and of Governmental Responses
Chapter III: The Shortcomings of the Economic Explanations: The Mexican Case
Chapter IV: The Impact of Non-Economic Factors: The Mexican Case
Chapter V: The Shortcomings of the Economic Explanations: The Malaysian Case
Chapter VI: The Impact of Non-Economic Factors: The Malaysian Case
Chapter VII: Financial Crises, Non-Economic Factors, and Governmental Responses
Appendix A: Mexico's Historical Background
Appendix B: Malaysia's Historical Background
Appendix C: Mexico's Economic Indicators in the Late 1980s and 1990s
Appendix D: Malaysia's Economic Indicators in Comparison with Some Asian Countries in the 1990s
Bibliography
Index
by "Nielsen BookData"