The political dimensions of the 1997-99 Asian financial crisis have been largely ignored. Yet political factors are crucial to understanding the crisis and the differing ways in which the democracies and authoritarian regimes in the region responded to it.
About the Author
Stephan Haggard is the Lawrence and Sallye Krause Professor of Korea-Pacific Studies and director of the Korea-Pacific Program in the School of Global Policy and Strategy at the University of California, San Diego.
Independent central banks throughout the former Soviet Union suffer from a dual democratic deficit. How can they gain greater democratic legitimacy without compromising their countries' economic health?
Recent survey research suggests that most voters disapprove of antidemocratic acts by elected leaders. Yet there are critical exceptions when a significant minority of voters are sympathetic to or even…