Weathering the Storm: Taiwan, Its Neighbors, and the Asian Financial Crisis

Book Description

In this timely volume, leading development economists examine four principal emergent economies in East Asia and compare their experiences during the financial crises of 1997-98. In comparing the causes and results of economic meltdowns in Indonesia, Korea, Taiwan, and Thailand, the book offers policy-relevant analysis and recommendations for avoiding similar debacles in the future, including pragmatic advice for other emergent economies. Of particular interest is an entire section that explains how Taiwan's economy was able to weather the worst of the storm.

Customer Reviews:

Good, as far as it goes.......2002-01-03

This book, and the conference organised by the Chung-Hua Institution for Economic Research on which it is based, asks a question which is fundamental to Asia's future: how did Taiwan ride out the 1997 financial storm when Thailand, Indonesia, and Malaysia were almost capsized by the wave?
Several essays in the book note that small and mid-sized firms make up nine-tenths of Taiwan's economy, with equity financing being the norm rather than debt financing. This meant that there was far less opportunity for speculative funds to sweep into and out of the economy, and also meant that the business sector was much more stable than in some of Taiwan's neighbours.
The capital sector was also strong, with a minimum of exchange rate controls and most financial institutions in private rather than government hands. When the crash came, non-performing loans accounted for less than five per cent of credits, compared to 16 per cent in Malaysia and 19 per cent in Thailand. Taiwan's financial institutions had also been markedly more successful at mobilising private capital and channelling it into productive investments than its neighbours.
At the macroeconomic level, Taiwan's performance had been solid, with growth at over five per cent and a current account surplus of about 4.5 per cent of GDP. Not spectacular, but the point is that Taiwan had been turning in good results for a substantial period, rather than looking like an overheated economy heading for a fall.
In spite of Taiwan's sturdy foundations, the meltdown still had a punch. There was a 15 per cent currency depreciation in 1997-98 and a steep drop in the stock market. But this did not translate into an economic free-fall, mainly due to decisive action by the Central Bank. It stabilised the exchange rate with sales of foreign reserves and then, crucially, let the domestic currency float. In 1999, the Central Bank buttressed its success by promoting growth with low interest rates and new investments. Credibility was a key asset, with the Central Bank being widely seen as prudent and competent, run by technocrats rather than political cronies.
In some ways, the retreat of government may have gone a little too far: several contributors to the book note that Taiwan might have fared even better if the Central Bank had had a wider range of monetary instruments to use. But the bottom line for Taiwan remains: a solid base and a swift response meant that the '97 storm was mostly distant thunder.

Weathering the Storm sets its points with admirable clarity, but there are subjects which are not covered. The underlying issues of macroeconomic/currency policy are hardly touched, and there are comparisons (such as with South Korea) on which there is insufficient depth. Perhaps these issues were discussed in the conference, but they are not in the book.

An uneven collection of essays.......2001-12-09

As with many conference volumes, the quality of papers collected in this book varies. Some (Frank Flatters on Thailand, for example) are informative, some less so. None of the papers considers the financial crisis as a regional or systemic crisis -- instead the focus is on country by country analyses. Oddly enough, none of the papers on Taiwan deal with its decision in the fall of 1997 to devalue its currency, the New Taiwan dollar, which arguably intensified the crisis, at least with respect to Hong Kong and South Korea. One can find some interesting material in these essays, but one will have to look elsewhere for an in depth analysis of the Asian financial crisis, even with respect to Taiwan.

Weathering the strom: Taiwan, its neighbors, and the Asian financial crisis. (Book reviews).: An article from: Pacific Affairs

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Weathering the strom: Taiwan, its neighbors, and the Asian financial crisis. (Book reviews).: An article from: Pacific Affairs
Kevin G. Cai
Manufacturer: University of British Columbia
ProductGroup: Book
Binding: Digital
ASIN: B0008IJZS2
Release Date: 2005-07-28

Book Description

This digital document is an article from Pacific Affairs, published by University of British Columbia on September 22, 2001. The length of the article is 663 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Weathering the strom: Taiwan, its neighbors, and the Asian financial crisis. (Book reviews).
Author: Kevin G. Cai
Publication: Pacific Affairs (Refereed)
Date: September 22, 2001
Publisher: University of British Columbia
Volume: 74 Issue: 3 Page: 428(2)

Article Type: Book Review

Distributed by Thomson Gale

Book Description

Even as agriculture and veterinary medicine play an increasing role in public health and human welfare, the future of these fields is unclear. In this Symposium Series of The Royal Veterinary College, leading researchers identify factors which will allow or necessitate change and opportunities in veterinary medicine such as: molecular mechanisms of disease, cure and prevention of disease, population or herd medicine, ultrasound and CAT scan technology magnetic resonance imaging and more.

Book Description

The critically acclaimed laboratory standard, Methods in Enzymology, is one of the most highly respected publications in the field of biochemistry. Since 1955, each volume has been eagerly awaited, frequently consulted, and praised by researchers and reviewers alike. The series contains much material still relevant today - truly an essential publication for researchers in all fields of life sciences.

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Acylation reactions: Their applications and mechanisms (The Commonwealth and international library of science, technology, engineering, and liberal studies. Chemistry division)
P. F. G Praill
Manufacturer: MacMillan
ProductGroup: Book
Binding: Unknown Binding

General & Reference | Chemistry | Professional Science | Professional & Technical | Subjects | Books
General | Organic | Chemistry | Science | Subjects | Books
ASIN: B0006AYIDY

Book Description

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Kaplan's AP Physics B: An Apex Learning Guide 2004 Edition comes complete with a targeted review of physics, two full-length practice tests, plus Kaplan's proven test-taking strategies. This winning combination makes AP Physics B a powerful tool to help you score higher. You'll get:

2 full-length practice tests with complete explanations for every question

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Book Description

This pioneering collection of non-Shakespearean Renaissance drama covers the full sweep of dramatic performances in the England Shakespeare knew. Newly edited from manuscript and quarto, all the major playwrights are here, among them Marlowe, Jonson, Middleton, and Webster. At the same time, the volume features plays, pageants, and entertainments not widely anthologized elsewhere, such as the coronation entries of Elizabeth I and Queen Anne, and Thomas Heywood 's A Woman Killed with Kindness.The second edition includes new emphasis on women as authors and subjects. More early material has also been added, such as Noah and The Second Shepherds ' Play. Mary Sidney 's The Tragedy of Antony has been included in its entirety, as have John Marston 's The Malcontent and Ben Jonson 's The Masque of Queens. As before, extensive footnotes clarify special terms and hidden meanings, and introductions to each of the individual works highlight relevant socio-historical information. A general introduction recalls the cultural history of the Shakespearean age in early modern England.

Customer Reviews:

Limited Selection--Incomplete.......2005-03-02

This anthology comes off rather badly in comparison to ENGLISH RENAISSANCE DRAMA: A NORTON ANTHOLOGY edited by David Bevington. Missing in action are Tamburlaine and The Jew of Malta by Marlowe, The Tragedy of Mariam by Elizabeth Cary, The Alchemist by Ben Jonson, The Maid's Tragedy by Beaumont and Fletcher, The Roaring Girl by Middleton and Dekker, Women Beware Women by Middleton, and The White Devil by Webster--classic works all.

A must have.......2004-09-22

A must have for any fan of the theater in general or of Elizabethan and Jacobian drama in particular. I've now used this book for two classes at two different universities, so it seems it's not only my opinion that the book is superb. The selection of plays is nice, the editing excellent, and the introductions to each play masterful. Highly useful. My sole criticism is that Kinney doesn't include "The Revenger's Tragedy," a terrific play from the period. But what a period for theater Kinney presents! If you think Shakespeare is the only dramatist of his time, or even one of three (the others being Jonson and Marlow), get this book and be amazed. Shakespeare still remains the best in my judgement, but he didn't spring from nothing; the topsoil was terrific. With great scholarship and lucid writing, Kinney describes the many fine writers and the magnificently troubled time in which they worked and lived.

Yes, Virginia, there is more to life than Shakespeare...........2000-08-17

A good collection of drama other than Shakespeare. Too often, there is too much of an emphasis on Shakespeare. Many modern students couldn't even begin to name three other major playwrights, much less a short list of what Marlowe wrote. I had to purchase this book for a University of Kentucky English course, but as a future high school English teacher, I am adding it to my own collection as a valuable asset.

Book Description

Sceptres and Sciences argues convincingly that previous research on the Hispanic Late Baroque has underweighted the ideologies of ethnicity and empire embedded in Cartesianism and French neoclassicism.

"... a masterful work of scholarship... should become essential reading in the field of Colonial and Spanish Enlightenment Studies."—Bulletin of Hispanic Studies

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down to the wire:the lives of the triple crown champions

Down to the Wire: The Lives of the Triple Crown Champions
Robert L. Shoop
Manufacturer: Russell Dean & Company
ProductGroup: Book
Binding: Hardcover

General | World | History | Subjects | Books
Racing | Horses | Individual Sports | Sports | Subjects | Books
History of Sports | Miscellaneous | Sports | Subjects | Books
General | Sports | Subjects | Books
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ASIN: 1891954563

Customer Reviews:

down to the wire:the lives of the triple crown champions.......2004-05-19

WONDERFUL!!!!! EMOTIONAL!! well researched. bob shoop is great writer. this is the story of eleven of the greatest horses that ever graced the earth.their lives(personalities good and bad),their lineage, the fortunate men who rode them,their owners,their opponents,the tracks they raced and their emotional deaths.incudes the origins of the "triple crown".addendum includes comprehensive statistics of both horses and jockeys.yes folks,america DOES have royalty.their names are not kennedy or bush.

Book Description

In this textbook, designed to be used with classic texts of organic chemistry at the undergraduate level, or standing alone for more advanced students, the two experts, M. M. Green and H. A. Wittcoff bring together the principles and the practice. Written for students, while also giving much information that may be used to enhance teaching of the subject, the book's ten concise chapters combine important commercial and practical processes with the principles of organic chemistry. The result is a source of otherwise barely accessible information. In addition, personal anecdotes from the authors' vast experience make this a fascinating and indispensable textbook for everyone wishing to enhance an appreciation of this subject.

Customer Reviews:

Very entertaining and interesting.......2006-07-11

If you have a contempt for organic chemistry, don't buy this book. It's not for you. You are not worthy.

This is not a book about understanding organic chemistry. It's not a review book. It's not a text book.

It is a supplemental book that brings organic chemistry into real life. It's not dumbed down. It's real stuff. Very, very interesting. I would suggest it to go alongside an organic course as an additional text. Perhaps one to be discussed during recitations. Perhaps only for the 'in major' organic students.

If you hate organic, stay away from this book. It's too good for you and we have no time for your whining.

Ken

How come there's no '0-star' rating?.......2003-12-05

This book solidified my contempt for the subject of organic chemistry. No wonder it's so cheap. The book is so confusing, it's content so lacking...where did the authors buy their degrees?

great book to increase your knowledge of organic chem.......2003-11-04

I highly recommend this book for anyone who has taken a semester or more of Organic and wants to know where and how the principles learned are applied in the real world, in the chemical industry. I found that discovering how the concepts of organic chemistry are used in the industrial world, and the history behind them, helped me appreciate and remember them much better.The writing style is excellent and keeps you engaged and interested throughout the book.

High Performance Liquid Chromatography: Fundamental Principles & Practice

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High Performance Liquid Chromatography: Fundamental Principles & Practice

Manufacturer: CRC
ProductGroup: Book
Binding: Paperback

Biochemistry | Biological Sciences | Science | Subjects | Books

Analytic | Chemistry | Science | Subjects | Books

General & Reference | Chemistry | Science | Subjects | Books

Industrial & Technical | Chemistry | Science | Subjects | Books

Chromatography | Chemistry | Science | Subjects | Books

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All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books

Science | Qualifying Textbooks - Fall 2007 | Stores | Books
ASIN: 0751400769

Book Description

High performance liquid chromatography (HPLC) has long been recognized as one of the most useful and versatile analytical techniques. It has now progressed from being a highly expensive method of analysis to a routine technique with wide applications. Consequently there is a requirement in many chemistry and chemistry-related courses for students to acquire a detailed understanding of the principles and practice of HPLC. Written in a manner suitable for undergraduate students studying analytical chemistry and learning about chromatographic analytical techniques applied to pharmaceutical analysis, biochemistry and related disciplines, High-performance Liquid Chromatography: Fundamental Principles and Practice introduces the fundamentals of HPLC. Loosely structured in three parts, the text begins with a thorough introduction of the subject and then progresses through the essential knowledge of the instrumentation needed for HPLC. The final part covers with the applications of HPLC in real-world situations. Developed by a team of international experts from a wide cross-section of disciplines, the text is relevant to a wide range of courses.

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Ecosystem matters : activity and resource guide for environmental educators (SuDoc A 13.36/2:EC 7/2)
U.S. Dept of Agriculture
Manufacturer: U.S. Dept. of Agriculture, Forest Service, Rocky Mountain Region
ProductGroup: Book
Binding: Unknown Binding

General | Conservation | Outdoors & Nature | Subjects | Books
ASIN: B00010MVEC

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Ecosystem Matters: Activity And Resource Guide For Environmental Educators
Mary Adams , Roxanne Brickell , and Wendy Hanophy
Manufacturer: Diane Pub Co
ProductGroup: Book
Binding: Paperback

General | Education | Nonfiction | Subjects | Books
General | Special Education | Education | Nonfiction | Subjects | Books
ASIN: 0788124536

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