The Impact of the Economic Crisis on East Asia

Edited by Daigee Shaw, Academia Sinica, Taiwan and Bih Jane Liu, Vice President, Chung-Hua Institution for Economic Research, Taiwan

Contents:

Preface

PART I: FINANCIAL SYSTEM AND FINANCIAL CRISIS
1. The Global Financial Crisis: Lessons for Taiwan
Sheng-Cheng Hu

2. A Perspective on the US Dollar after the Current Financial Crisis: Lessons from the Fall of the Pound Sterling and the Gold Standard after World War I
Lee-Rong Wang

3. De-Privatization? Case Studies of Government Banks’ Performance in Developing Countries During the Financial Crisis
Chung-Hua Shen and Chih-Yung Lin

PART II: IMPACTS, CONSEQUENCES AND POLICY RESPONSES
4. Why World Exports are so Susceptible to the Economic Crisis: The Prevailing ‘Export Overshooting’ Phenomenon, with Particular Reference to Taiwan
Bih Jane Liu

5. The Impact of the Global Financial Crisis on the Taiwanese Economy and its Industrial Policy in Response
Jiann-Chyuan Wang and Chia-Hui Lin

6. The American Crisis and Korean Financial Distress
Un Chan Chung

7. Why Was Japan Hit So Hard by the Global Financial Crisis?
Masahiro Kawai and Shinji Takagi

8. China’s Policy Responses to the Global Financial Crisis
Yongding Yu

PART III: POLICY CONSTRAINTS
9. Fiscal Discipline in the Recovery from a Global Financial Crisis
Chih-Chin Ho, Yu-Shan Hsu and Ching-Shin Mao

10. A Challenge to Sustainable Development: The Dual Crisis of Energy and the Economy
Daigee Shaw and Pi Chen

Index