Global Markets and Financial Crises in Asia

1. Front Matter

   Pages i-xiv

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2. Introduction: The Mangled Miracle and the Alchemy of Finance

   • Haider A. Khan

   Pages 1-8

3. The Beginning of the Crisis: Thailand

   • Haider A. Khan

   Pages 9-26

4. The Crisis Spreads: Indonesia (with Arry Basuseno)

   • Haider A. Khan

   Pages 27-59

5. The End of the South Korean Miracle

   • Haider A. Khan

   Pages 60-75

6. Finance in a Complex Capitalist Economy: Failures of Global Markets and Developmental States

   • Haider A. Khan

   Pages 76-97

7. Corporate Governance: a New Theory and Reform of the Family-Based Corporate Governance System in Asia

   • Haider A. Khan

   Pages 98-144

8. Asian Banks: Can They Learn to Assess Risks Better? (with C.-S. Lin)

   • Haider A. Khan

   Pages 145-164

9. Towards a New Global Financial Architecture

   • Haider A. Khan

   Pages 165-192

10. General Conclusions: From Crisis to a Global Political Economy of Freedom

    • Haider A. Khan

    Pages 193-211

11. Back Matter

    Pages 212-251

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Khan presents a theory of financial crises in the age of globalization from an evolutionary perspective and suggests policies that may be necessary for averting or managing new financial crises. Starting with the Asian financial crises, he identifies new types of financial crises that result from a combination of liberalization, weak domestic institutions for economic governance and a chaotic global market system without global governance institutions. Suggested solutions involve building new institutions for global and domestic governance and domestic and international policy reforms.

• Asia
• corporate governance
• development
• economy
• finance
• financial architecture
• global governance
• globalization
• institutions
• liberalization
• political economy
• reforms

• University of Denver, USA

  Haider A. Khan

HAIDER A. KHAN has published six books and more than fifty articles in professional journals. He worked at the Asian Development Bank during the Asian Financial crisis and later moved to the newly founded Asian Development Bank Institute in Tokyo as a visiting scholar. In December 2002, he was one of the three international experts invited by the UN to deliver papers on the global poverty problem at the executive meeting of UN conference on trade and development in Geneva.

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