Аннотация:The Asian financial crisis of 1997-99 came as a shock to both the economics profession and the international policy community. Few inside or outside the region had foreseen the depth of the economic problems that followed, and a rich body of writing quickly emerged to offer competing post-mortems. Much of this analysis, however, was limited to purely economic factors. Beyond some references to moral hazard and cronyism, the political dimensions of the crisis were largely ignored. 1 Yet political factors are crucial to understanding the course of the crisis as well as the ways in which governments responded to it.
