Liberalization, Growth and the Asian Financial Crisis

Lessons for Developing and Transitional Economies in Asia

Mohamed Ariff, Chair of Economics and Finance, Sunway University, Malaysia and Ahmed M. Khalid, Professor of Economics, School of Business and Economics, University of Brunei Darussalam

This timely book examines the effects of financial liberalization in the more advanced economies of Southeast Asia. The book also analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example. The weakness of the banking sector is examined in order to explain the reasons behind the currency crisis and to prescribe policies to avoid a similar episode in the future.

‘This is an insightful, important, and good book. . . [the book] is a valuable addition to the debate on policy making and structures in Asia and will, I hope, be an influential one.’
——戈登•德这简报》donesian Economic Studies

‘. . . this book provides useful information about the Asian financial crisis.’
– Ying, Zhu, Asia Pacific Business Review