Globalization, Politics, and Financial Turmoil by Shanker Satyanath

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Summary

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.

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Globalization, Politics, and Financial Turmoil by Shanker Satyanath

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.
Review of the hardback: '… this book identifies a novel causal path to weak banking regulation in Asia … it does well … [I] recommend it to all readers wishing to see how game theoretic modelling can provide a plausible explanation for a recent event with significant economic and political ramifications' Development Policy Review
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.
SKU Unavailable
ISBN 13 9780521854924
ISBN 10 052185492X
Title Globalization, Politics, and Financial Turmoil
Author Shanker Satyanath
Series Political Economy Of Institutions And Decisions
Condition Unavailable
Binding Type Hardback
Publisher Cambridge University Press
Year published 2005-12-22
Number of pages 174
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.