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The Hazard of Moral Hazard: Untangling the Asian Crisis

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  • Chang, Ha-Joon

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  • Chang, Ha-Joon, 2000. "The Hazard of Moral Hazard: Untangling the Asian Crisis," World Development, Elsevier, vol. 28(4), pages 775-788, April.
  • Handle: RePEc:eee:wdevel:v:28:y:2000:i:4:p:775-788
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    1. Jomo K.S. & M. Rock, 1998. "Economic Diversification And Primary Commodity Processing In The Second-Tier South-East Asian Newly Industrializing Countries," UNCTAD Discussion Papers 136, United Nations Conference on Trade and Development.
    2. Chang, Ha-Joon, 1998. "Korea: The misunderstood crisis," World Development, Elsevier, vol. 26(8), pages 1555-1561, August.
    3. Yilmaz Akyuz & Ha-Joon Chang & Richard Kozul-Wright, 1998. "New perspectives on East Asian development," Journal of Development Studies, Taylor & Francis Journals, vol. 34(6), pages 4-36.
    4. Stiglitz, Joseph E, 1996. "Some Lessons from the East Asian Miracle," World Bank Research Observer, World Bank Group, vol. 11(2), pages 151-177, August.
    5. Taylor, Lance, 1998. "Capital Market Crises: Liberalisation, Fixed Exchange Rates and Market-Driven Destabilisation," Cambridge Journal of Economics, Oxford University Press, vol. 22(6), pages 663-676, November.
    6. McKinnon, Ronald I. & Pill, Huw, 1998. "International Overborrowing: A Decomposition of Credit and Currency Risks," World Development, Elsevier, vol. 26(7), pages 1267-1282, July.
    7. Palma, Gabriel, 1998. "Three and a Half Cycles of 'Mania, Panic, and [Asymmetric] Crash': East Asia and Latin America Compared," Cambridge Journal of Economics, Oxford University Press, vol. 22(6), pages 789-808, November.
    8. Jason Furman & Joseph E. Stiglitz, 1998. "Economic Crises: Evidence and Insights from East Asia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 1-136.
    9. Chang, Ha-Joon, 1993. "The Political Economy of Industrial Policy in Korea," Cambridge Journal of Economics, Oxford University Press, vol. 17(2), pages 131-157, June.
    10. Chang, Ha-Joon & Park, Hong-Jae & Yoo, Chul Gyue, 1998. "Interpreting the Korean Crisis: Financial Liberalisation, Industrial Policy and Corporate Governance," Cambridge Journal of Economics, Oxford University Press, vol. 22(6), pages 735-746, November.
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    Cited by:

    1. Singh, Ajit & Sheng, Andrew, 2011. "Islamic finance revisited: conceptual and analytical issues from the perspective of conventional economics," MPRA Paper 39007, University Library of Munich, Germany, revised 10 Apr 2012.
    2. Panicos O Demetriades, 1999. "Financial Liberalization and Credit-Asset Booms and Busts in East Asia," Discussion Papers in Economics 00/6, Department of Economics, University of Leicester, revised Jan 2000.
    3. Nigel Driffield & Sarmistha Pal, 2010. "Evolution of capital structure in east Asia-corporate inertia or endeavours?," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 173(1), pages 1-29.
    4. Abdel-Baki Monal A., 2012. "Coalitions within the Egyptian Banking Sector: Catalysts of the Popular Revolution," Business and Politics, De Gruyter, vol. 14(1), pages 1-26, April.
    5. José Luis Hernández Mota, 2016. "Gasto público y complementariedad productiva: un análisis de la economía mexicana, 1980-2012," REVISTA CUADERNOS DE ECONOMÍA, UN - RCE - CID, vol. 35(Especial ), pages 315-352, January.
    6. Gary Dymski, 2011. "The International Debt Crisis," Chapters,in: The Handbook of Globalisation, Second Edition, chapter 6 Edward Elgar Publishing.
    7. Asad Zaman & null Faiz-Ur-Rahim, 2009. "Corruption: measuring the unmeasurable," Humanomics: The International Journal of Systems and Ethics, Emerald Group Publishing, vol. 25(2), pages 117-126, May.
    8. Ajit Singh, 2003. "Corporate governance, corporate finance and stock markets in emerging countries," Working Papers wp258, Centre for Business Research, University of Cambridge.
    9. Sajid Anwar & Desh Gupta, 2006. "Financial Restructuring and Economic Growth in Thailand," Global Economic Review, Taylor & Francis Journals, vol. 35(1), pages 113-127.
    10. Eddy S. Fang, 2014. "Islamic finance in global markets: Materialism, ideas and the construction of financial knowledge," Review of International Political Economy, Taylor & Francis Journals, vol. 21(6), pages 1170-1202, December.
    11. Kenc, Turalay & Ozkan, Aydin & Ozkan, F. Gulcin, 2005. "Corporate bankruptcies and official bail-outs: A cost-benefit analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 15(5), pages 437-453, December.
    12. Marie-Laure Djelic & Joel Bothello, 2013. "Limited liability and its moral hazard implications: the systemic inscription of instability in contemporary capitalism," Sciences Po publications info:hdl:2441/153e5es3a89, Sciences Po.
    13. Haagh Louise, 2007. "Basic Income, Occupational Freedom and Antipoverty Policy," Basic Income Studies, De Gruyter, vol. 2(1), pages 1-6, June.
    14. János Kornai, 2014. "The soft budget constraint," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(supplemen), pages 25-79, November.
    15. Pompeo Della Posta, 2002. "Modelli di crisi valutarie e misure di politica economica," Moneta e Credito, Economia civile, vol. 55(219), pages 237-262.
    16. Gellert, Paul K., 2005. "The Shifting Natures of "Development": Growth, Crisis, and Recovery in Indonesia's Forests," World Development, Elsevier, vol. 33(8), pages 1345-1364, August.
    17. Kornai, János, 2014. "Bevezetés A puha költségvetési korlát című kötethez
      [Introduction to the author s volume entitled Soft Budget Constraint]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 845-897.
    18. Ajit Singh, 2003. "Competition, corporate governance and selection in emerging markets," Economic Journal, Royal Economic Society, vol. 113(491), pages 443-464, November.
    19. Ha-Joon Chang, 2006. "La relación entre las instituciones y el desarrollo económico. Problemas teóricos claves," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 125-136, January-J.
    20. HONIG, Adam & JAIN-CHANDRA, Sonali, 2006. "Micro-Level Evidence on the Role of MoralHazard in the Asian Financial Crisis," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1).
    21. Jack Glen & Ajit Singh, 2005. "Corporate Governance, Competition, and Finance: Re-thinking Lessons from the Asian Crisis," Eastern Economic Journal, Eastern Economic Association, vol. 31(2), pages 219-243, Spring.
    22. James Wang, 2010. "The Political Economy of Collective Labour Legislation in Taiwan," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 51-85.
    23. Andrews, Matthew, 2008. "Are One-Best-Way Models of Effective Government Suitable for Developing Countries?," Working Paper Series rwp08-014, Harvard University, John F. Kennedy School of Government.

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