Suchergebnisse

Examines factors contributing to the 1997-98 East Asian financial crisis, the need for financial restructuring, better corporate governance, an improved regulatory and supervisory structure, and greater regional cooperation, and what role should be played by international financial institutions, including the IMF, to minimize future crises.

Asian Crisis: the IMF in the Dock, by Françoise Nicolas
The IMF's role has changed greatly since it was established in 1945. It now focuses more on crisis prevention and management — particularly in DCs and emerging countries - than on its initial function of exchange-rate stabilization. However, the Asian crisis has exposed the failure of the strategy of preventing crises through information, as well as the limits of the Fund's management of the crisis and of the efficacy of its interventions (insufficien-cy of its financial base, inadequacy of the conditionality, interventions to correct the private sector's malfunctioning). The mixed results of the IMF's action in the Asian crisis should therefore be an opportunity to redefine its role and terms of reference.

Reinventing ASEAN brings together contributions by some of the leading and well-established experts on ASEAN. It focuses primarily on the political-security and economic dimensions of ASEAN co-operation. In so doing, the authors have all treated the scope of their topics broadly. The idea of politics and security in ASEAN has been considered from many different aspects, under the rubric of "comprehensive" security or, to use a more recent term, "human" security. The consideration of economics