States, Banks, And Markets
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A01=Nancy Auerbach
Author_Nancy Auerbach
Banco De Mexico
Category=JP
comparative political economy
conglomerates
Duopoly Models
East Asian development models
economic reform strategies
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eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
financial
financial crisis analysis
Financial Industrial Conglomerates
Financial Industrial Groups
Financial Liberalization
Financial Liberalization Policies
Financial Liberalization Process
Financial Market Structure
Financial Policymaking
Financial Politics
Financial System Structure
Foreign Debt Exposure
German Financial System
GNP Growth
income distribution effects
industrial
Korean Financial
Korean State
liberalization
mexican
Mexican Financial
Mexican Grupos
Mexican Peso Crisis
Nancy Neiman Auerbach
NICs
Non-bank Financial Institutions
Nonbank Financial Institutions
peso
Peso Crisis
policies
policymaking
Policymaking Credibility
Preferential Credit Policies
state market relations
strategic policymaking in emerging economies
structure
system
Product details
- ISBN 9780367098438
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 13 Jun 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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In States, Banks, and Markets Nancy Neiman Auerbach approaches financial policymaking as a strategic interaction between two sets of domestic actors: private financiers and state officials. Through a comparative lens, Auerbach explains why the transition to financial liberalization was accompanied by economic crisis and declining growth rates in countries such as Mexico, while the same policy was associated with higher growth rates and a relatively more equitable distribution of income in other countries such as South Korea and Hong Kong.Auerbach first sets up a theoretical foundation that underlies the comparative case studies, and she then follows with a detailed account of Mexico's transition to financial liberalization in the 1980s. The author systematically compares various countries' cases--Germany, South Korea, Hong Kong, Turkey--with Mexico as a means of underscoring the central and recurring themes illustrated by financial market politics in newly industrializing countries. The author then returns to her analysis of Mexico with an examination of the Mexican peso crisis in light of the recent financial crises in Asia. Auerbach not only demonstrates how the timing and duration of the liberalization process is the element differentiating the performance of newly industrializing countries (rather than financial liberalization itself), for she takes the analysis a step further by explaining the economic and political preconditions that put a country in the position to choose a reasonable reform path.
Nancy Auerbach
