The Neglected Impact of Non-Economic Factors on the Development of Financial Crises and Governmental Responses: The Mexican and Malaysian Cases of the 1990s - Softcover

Sumer, Fahrettin

Softcover

ISBN 10: 0761856463 ISBN 13: 9780761856467

Publisher: University Press of America, 2011

Synopsis

Foreword by Donald J. Puchala, Ph.D.

This book considers how a financial crisis develops and how a government responds to a financial crisis. In an attempt to shed light on these questions, it closely examines two cases: Mexico during the Mexican Peso Crisis of 1994 to 1995 and Malaysia during the Asian Financial Crisis of 1997 to 1998. Sümer argues that economic explanations of financial crises fail to fully answer these questions since they do not pay enough attention to non-economic factors stemming from a county's political, societal, institutional and external contexts. The examination of the Mexico and Malaysia cases illustrates this argument and shows that multiple non-economic factors? domestic political, societal, institutional, psychological, and ideological factors as well as external influences and pressures? can play roles as significant as economic factors. Interplay of these non-economic factors with economic ones brought these financial crises and shaped the Mexican and the Malaysian governments' policy behaviors.

About this title

About the Author

Fahrettin Sümer earned his M.A. degree in political science from Rutgers University and his Ph.D. in international studies from the University of South Carolina. During his doctoral training in the Department of Government and International Studies (currently the Department of Political Science), he earned a second M.A. degree in economics from the Moore School of Business at the same university. Since completion of his Ph.D. in 2003, he has published several articles and taught multiple international relations, comparative politics, and economics courses in South Carolina and Virginia. He has recently taught international studies and comparative politics courses at Virginia Commonwealth University. His research interests include the causes and implications of globalization, financial crises and governmental responses, international political economy, international conflict, and international integration.

Edition details

• Publisher: University Press of America
• Publication date: 2011
• Language: English
• ISBN 10: 0761856463
• ISBN 13: 9780761856467
• Binding: Paperback
• Number of pages: 256