The Mangled Miracle and the Alchemy of Finance
AbstractIn this chapter I introduce the basic problems for a new theory of 21st century financial crises in light of the Asian and other subsequent crises. Do these crises all have somethimg in common, or are they idiosyncratic events? My contention is that there are deep structural causes at work in the global markets that affect the political economy of countries and regions. Methodologically, new concepts, models and theories are needed to conduct further meaningful empirical work leading to relevant policy conclusions. This book belongs to the beginning of intellectual efforts in this direction.
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Bibliographic InfoPaper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-191.
Length: 73 pages
Date of creation: Feb 2003
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-02-24 (All new papers)
- NEP-HIS-2003-02-24 (Business, Economic & Financial History)
- NEP-IFN-2003-02-24 (International Finance)
- NEP-MFD-2003-02-24 (Microfinance)
- NEP-PKE-2003-02-24 (Post Keynesian Economics)
- NEP-RMG-2003-02-24 (Risk Management)
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