Economic Crises and the Breakdown of Authoritarian Regimes Pepinsky Paperback
Economic Crises and the Breakdown of Authoritarian RegimesIndonesia and Malaysia in Comparative Perspective\nAuthor(s): Thomas B. Pepinsky\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521744386, 978-0521744386\nSynopsis\nWhy do some authoritarian regimes topple during financial crises, while others steer through financial crises relatively unscathed? In this book, Thomas B. Pepinsky uses the experiences of Indonesia and Malaysia and the analytical tools of open economy macroeconomics to answer this question. Focusing on the economic interests of authoritarian regimes' supporters, Pepinsky shows that differences in cross-border asset specificity produce dramatically different outcomes in regimes facing financial crises. When asset specificity divides supporters, as in Indonesia, they desire mutually incompatible adjustment policies, yielding incoherent adjustment policy followed by regime collapse. When co.
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