The Asian crisis and the shaping of 'proper' economies

Cambridge Journal of Economics

Volumn 28, Issue 6, 2004, Pages 809-827

  Vestergaard, Jakob ^a  

^a Dept of Mgmt Politics/Philosophy ^*  (Denmark)

Author keywords

Globalisation; International finance; Liberalism; Michel Foucault; Post Washington Consensus

Indexed keywords

FINANCIAL CRISIS; GLOBALIZATION; LIBERALISM; STANDARD (REGULATION);

EID: 8744280188     PISSN: 0309166X     EISSN: None     Source Type: Journal    
DOI: 10.1093/cje/beh043     Document Type: Article

References (79)

1. Aghevli, B. 1999. The Asian crisis - causes and remedies, Finance and Development, vol. 36, no. 2
2. Baer, W, Miles, R. and Moran, A. B. 1999. The end of the Asian Myth: why were the experts fooled?, World Development, vol. 27, no. 10
3. Bank of International Settlements (BIS) 1997. Core Principles for Effective Banking Supervision, Basle Committee on Banking Supervision, Basle
4. Barry, A., Osborne, T. and Rose, N. (eds) 1996. Foucault and Political Reason - Liberalism, Neoliberalism and Rationalities of Government, London, UCL Press
5. Bello, W. 1998. East Asia - on the eve of transformation?, Review of International Political Economy, vol. 5, no. 3
6. Bienefeld 1999, 'Asia's Financial Crisis - the End of an Era', Speech to Asia Development Research Forum, Seoul
7. Bird, G. and Milne, A. 1999. Miracle to meltdown: a pathology of the East Asian financial crisis, Third World Quarterly, vol. 20, no. 2
8. Burchell, G., Gordon, C. and Miller, P. (eds) 1991. The Foucault Effect - Studies in Governmentality, Chicago, The University of Chicago Press
9. Burkett, P. and Hart-Landsberg, M. 1998. East Asia and the crisis of development theory, Journal of Contemporary Asia, vol. 28, no. 4
10. Chang, H-J., Palma, G. and Whittaker, D. H. 1998. The Asian crisis: introduction. Cambridge Journal of Economics, vol. 22, no. 6
11. Chang, H.-J. 2001. Institutional development in developing countries in a historical perspective - lessons from developed countries in earlier times, paper presented at the European Association of Evolutionary Political Economy Annual Conference, Siena
12. Corbett, J. and Vines, D. 1998. 'The Asian Crisis: Competing Explanations', Working Paper Series III No. 7, Center for Economic Policy Analysis, New York
13. Corbett, J. and Vines, D. 1999. Asian currency and financial crises - lessons from vulnerability, crisis and collapse, World Economy, vol. 22, no. 2
14. De Angelis, M. 2001. Market freedom, panopticism and global capital, paper presented at the European Association of Evolutionary Political Economy Annual Conference, Siena
15. De Angelis, M. 2002. Hayek, Bentham and the global work machine: the emergence of the fractal-panopticon, in Dinerstein, A. C. and Neary, M. (eds), The Labour Debate: An Investigation into the Theory and Reality of Capitalist Work, Ashgate, Aldershot
16. Dean, M. 1999. Governmentality. Power and rule in modern society, London, Sage
17. Eichengreen, B. 1999. Toward a New International Financial Architecture: A Practical post-Asia Agenda, Washington, D.C., Institute of International Economics
18. Felix, D. 1998. Asia and the crisis of financial globalization, in Baker, D., Epstein, G. and Pollin, R. (eds), Globalization and Progressive Economic Policy, Cambridge, Cambridge University Press
19. Foucault, M. 1991A. Governmentality, in Burchell, G., Gordon, C. and Miller, P. (eds), The Foucault Effect - Studies in Governmentality, Chicago, The University of Chicago Press
20. Foucault, M. 1991 B [1975]. Discipline and Punish, London, Penguin Books
21. 1998, Declaration of G7 finance ministers and central bank governors, London (30 October)
22. Gill, S. 1995. Globalization, market civilization and disciplinary neoliberalism, Millennium, vol. 24
23. Goldstein, M. 1998. The Asian Financial Crisis - Causes, Cures and Systemic Implications, Washington, D.C., Institute of International Economics
24. Goldstein, M. 2001. IMF Conditionality: How Much is Too Much?, Washington, D.C., Institute of International Economics
25. Gordon, C. 1991. Introduction, in Burchell, G., Gordon, C. and Miller, P. (eds), The Foucault Effect - Studies in Governmentality Chicago, The University of Chicago Press
26. Grabel, I. 1999. Rejecting exceptionalism - reinterpreting the Asian financial crises, in Michie, J. and Smith, J. G. (eds), Global Instability, London, Routledge
27. Haggard, S. 1999. Governance and growth: lessons from the Asian Crisis, Asian-Pacific Economic Literature, vol. 13, no. 2
28. Haggard, S., and McIntyre, A. 1998. The political economy of the Asian economic crisis, Review of International Political Economy vol. 5, no. 3
29. Hayek, F. 1991. Spontaneous ('grown') order and organized ('made') order, in Thompson, G. et al. (eds), Markets, Hierarchies and Networks: The Coordination of Social Life, London, Sage
30. Hindess, B. 1998. Neoliberalism and the national economy, in Dean, M. and Hindess, B. (eds), Governing Australia - Studies in Contemporary Rationalities of Government, Cambridge, Cambridge University Press.
31. Hopwood, A. G. 1987. The archaeology of accounting systems, Accounting, Organizations and Society, vol. 12, no. 3
32. Hopwood, A. G. and Miller, P. (eds) 1994. Accounting as Social and Institutional Practice, Cambridge, Cambridge University Press
33. IMF 1999A. 'IMF-Supported Programs in Indonesia, Korea, and Thailand - A Preliminary Assessment', Occasional Paper 178, International Monetary Fund, Washington, D.C.
34. IMF 1999B. Liberalising capital movements: some analytical issues, Economic Issues No. 17, International Monetary Fund, Washington D.C.
35. IMF 1999C. Progress Report - Developing International Standards, International Monetary Fund, Policy Development and Review Department, Washington, D.C.
36. IMF 2000A. Reports on the Observance of Standards and Codes - An Update, International Monetary Fund, Washington, D.C.
37. IMF 2000B. A Factsheet - Progress in Strengthening the Architecture of the International Financial System, International Monetary Fund, Washington, D.C.
38. IMF 2000C. Standards and Codes, International Monetary Fund, Washington, D.C.
39. Johnson, C. 1998. Economic crisis in East Asia - the clash of capitalisms, Cambridge Journal of Economics, vol. 22, no. 6
40. Kregel, J. A. 1998A. Yes, 'It' did happen again - a Minsky crisis happened in Asia, Working Paper Series No. 234, The Jerome Levy Economics Institute
41. Kregel, J. A. 1998B. Derivatives and global capital flows - applications to Asia, Working Paper Series No. 246, The Jerome Levy Economics Institute
42. Krugman, P. 1999. What happened to Asia?, in Sato and Ramachandran (eds), Global Competition and Integration, Dordrecht, Kluwer Academic
43. Lane, T. 1999. The Asian financial crisis - what have we learned?, Finance and Development, vol. 36 no. 3
44. Lauridsen, L. S. 1998. The financial crisis in Thailand: causes, conduct and consequences?, World Development, vol. 26, no. 8
45. Miller, P. and O'Leary, T. 1987. Accounting and the construction of the governable person, Accounting, Organizations and Society, vol. 12, no. 3
46. Miller, P. and O'Leary, T. 1990. Making accountancy practical, Accounting, Organizations and Society, vol. 15, no. 5
47. Miller, P. and O'Leary, T 1993. Accounting expertise and the politics of the product: economic citizenship and modes of corporate governance, Accounting, Organizations and Society, vol. 18, no. 2 /3
48. Miller, P. and O'Leary, T. 1994. Accounting, economic citizenship and the spatial reordering of manufacture, Accounting, Organizations and Society, vol. 19, no. 1
49. Miller, P. and Rose, N. 1990. Governing economic life, Economy and Society, vol. 19, no. 1
50. Mitchell, T. 1995. Origins and limits of the idea of the economy, Working Papers Series No. 12. Advanced Study Center, University of Michigan
51. Mitchell, T. 1997. Economy, and the state effect, Unpublished manuscript, New York University
52. Mitchell, T. 1998. Fixing the economy, Cultural Studies vol. 12, no. 1
53. OECD 1999. OECD Principles of Corporate Governance, Paris, Organisation for Economic Cooperation and Development
54. Palma, G. 1998. Three and a half cycles of 'mania, panic and [asymmetric] crash': East Asia and Latin America compared, Cambridge Journal of Economics, vol. 22, no. 6
55. Philp, M. 1985. Michel Foucault, in Skinner (ed.), The Return of Grand Theory in the Human Sciences, Cambridge, Cambridge University Press
56. Rabinow, P. 1984. The Foucault Reader, New York, Pantheon
57. Richter, F.-J. (ed.) 2000. The East Asian Development Model, London, Macmillan
58. Rodrik, D. 1996. Understanding economic policy reform, Journal of Economic Literature, vol. 34, March, pp. 9-41
59. Rose, N. 1996. Governing 'advanced' liberal democracies, in Barry, A., Osborne, T. and Rose, N. (eds), Foucault and Political Reason - Liberalism, Neoliberalism and Rationalities of Government, London, UCL Press
60. Rose, N. 1999. The Powers of Freedom - Reframing Political Thought, Cambridge, Cambridge University Press
61. Rose, N. and Miller, P. 1992. Political power beyond the State: problematics of government, British Journal of Sociology, vol. 43, no. 2
62. Schaberg, M. 1998. Globalization and financial systems: policies for the new environment, in Baker, D., Epstein, G. and Pollin, R. (eds), Globalization and Progressive Economic Policy, Cambridge, Cambridge University Press
63. Singh, A. 1999. 'Asian capitalism' and the financial crisis, in Michie, J. and Smith, J. G. (eds), Global Instability, London, Routledge
64. Stiglitz, J. 1999. More instruments and broader goals: moving toward the post-Washington Consensus, in Köchendörfer-Lucius, G. and Pleskovic, B. (eds), Development Issues in the 21st Centrury, German Foundation for International Development
65. Taylor, L. 1998. Capital market crises: liberalisation, fixed exchange rates and market-driven destabilisation, Cambridge Journal of Economics, vol. 22, no. 6
66. Tellmann, U. 2000. The archaeology of the market, Unpublished Paper, Cornell University
67. Tellmann, U. 2003. The truth of the market, Distinktion vol. 7, 49-63
68. Thai Central Bank and Finance Ministry 1997, Letter of Intent, Bangkok, 14 August
69. The Economist 2001. Economics focus: huff, puff and pay, 5 May
70. Wade, R. 1998A. The Asian debt- and development crisis of 1997-?: causes and consequences, World Development, vol. 26, no. 8
71. Wade, R. 1998B. The gathering world slump and the battle over capital controls, New Left Review, vol. 231
72. Wade, R. 1998C. From 'miracle' to 'cronyism': explaining the Great Asian Slump, Cambridge Journal of Economics, vol. 22, no. 6
73. Wade, R. 1998D. The Asian crisis: The high debt model versus the Wall Street-Treasury-IMF complex, New Left Review, vol. 228. March/April
74. Watson, M. 1999. Rethinking capital mobility, re-regulating financial markets, New Political Economy, vol. 4, no. 1
75. Williamson, J. 1993. Democracy and the 'Washington Consensus', World Development, vol. 21, no. 8
76. Vishwanath, T. and Kaufmann, D. 2001. Toward transparency: new approaches and their application to financial markets, The World Bank Research Observer, vol. 16, no. 1
77. World Bank 1999A. Corporate Governance: An Issue of Global Concern, Washington, D.C., World Bank
78. World Bank 1999B. Corporate Governance: A Framework for Implementation, Washington, D.C., World Bank
79. World Bank 2002. Building Institutions for Markets, World Bank, Washington, D.C., World Development Report