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A Tale of Two Crises - A Multidisciplinary Analysis (Paperback)
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A Tale of Two Crises - A Multidisciplinary Analysis (Paperback)
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Some analysts looked at the 1997/98 East Asian crisis not as one
crisis but as a combination of crises, beginning with a crisis of
confidence and evolving into a currency crisis, a financial crisis,
an economic crisis, a social crisis and a political crisis. This
book is a multidisciplinary study of financial crises, in
particular, the Asian crisis of 1997 and the more recent global
financial crisis of 2008. Looking at financial crises not as one
crisis, but as a combination of crises beginning with a crisis of
confidence, this study steps out of the traditional mould and
examines financial crises from novel perspectives. The book
highlights that since the origin of a financial crisis is a
confidence crisis, either in the whole economy or a particular
sector, the Asian and recent global crises could have backward and
forward linkages to political regimes and institutions, culture and
tradition, the role of the media, society and societal evolution
and development processes of regulatory regimes. Through
contributions by authors in fields ranging from sociology and
political science, media and Islamic banking, to law and
regulation, this study adopts a broad framework for understanding
financial crises, and sheds light on the interwoven and complex
structures and often overlooked aspects which contribute to the
holistic understanding of this topic.
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