Financial Liberalization and the Asian Crisis

The financial crisis that hit a number of economies of Asia in 1997 shocked the world.Financial Liberalization and the Asian Crisisrejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economic systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing liquidity and volatility, and calls for a more cautious approach to financial liberalization, and reform of the international financial architecture.Chang, Ha-Joon is the author of 'Financial Liberalization and the Asian Crisis' with ISBN 9780333921586 and ISBN 0333921585.