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The Asian Crisis, Gender, and the International Financial Architecture

Author

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  • Nahid Aslanbeigui
  • Gale Summerfield

Abstract

This paper begins with an account of the Asian crisis, its creation and management by international financial institutions (the International Monetary Fund and the World Bank), and the gender impact of their stabilization and structural adjustment programs. Next we consider the new debate on reforming the IMF and the World Bank and restructuring the international financial architecture to prevent crises and manage them more effectively. Finally, we consider the gender ramifications of these changes. Since feminists have been absent from this debate, we examine issues essential to the formation of a gender-conscious international financial structure.

Suggested Citation

  • Nahid Aslanbeigui & Gale Summerfield, 2000. "The Asian Crisis, Gender, and the International Financial Architecture," Feminist Economics, Taylor & Francis Journals, vol. 6(3), pages 81-103.
  • Handle: RePEc:taf:femeco:v:6:y:2000:i:3:p:81-103
    DOI: 10.1080/135457000750020146
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    References listed on IDEAS

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    1. Franklin R. Edward, 1999. "Hedge Funds and the Collapse of Long-Term Capital Management," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 189-210, Spring.
    2. Jong-Wha Lee and Changyong Rhee, 1999. "Social Impacts of the Asian Crisis: Policy Challenges and Lessons," Human Development Occasional Papers (1992-2007) HDOCPA-1999-02, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    3. Kregel, J A, 1998. "Derivatives and Global Capital Flows: Applications to Asia," Cambridge Journal of Economics, Oxford University Press, vol. 22(6), pages 677-692, November.
    4. John Eatwell & Lance Taylor, 1998. "International Capital Markets and the Future of Economic Policy," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 1998-14, Schwartz Center for Economic Policy Analysis (SCEPA), The New School, revised Sep 1998.
    5. Floro, Maria & Dymski, Gary, 2000. "Financial Crisis, Gender, and Power: An Analytical Framework," World Development, Elsevier, vol. 28(7), pages 1269-1283, July.
    6. Johnson, Chalmers, 1998. "Economic Crisis in East Asia: The Clash of Capitalisms," Cambridge Journal of Economics, Oxford University Press, vol. 22(6), pages 653-661, November.
    7. Frankenberg, E. & Thomas, D. & Beegle, K., 1999. "The Real Costs of Indonesia's Economic Crisis: Preliminary Findings from the Indonesia Family Life Surveys," Papers 99-04, RAND - Labor and Population Program.
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