Contagion and Self-Learning in Asian Economic Crises 1997-1998 and 2008-2010. Case Study of Malaysia

• Autorzy: Marcin Grabowski , Sławomir Wyciślak

Warianty tytułu

Problem zarażania i uczenia się w kryzysach azjatyckich 1997-1998 i 2008-2010. Studium przypadku Malezji

• Języki publikacji: EN

Abstrakty

EN

The contagion effect is of a systemic importance for the real, financial and political spheres. In contagion analysis the impact of centralization and self-learning in a complex system on the ability to respond to contagion escalation is interesting. The system approach methodology seems best to resolve such systemic issues. Malaysia, selected for a case study, was affected both by the 1997-1998 and the 2008-2010 crisis. The tested hypothesis: centralized system is more prone to contagion, but self-learning and response to contagion may be faster, was proven. Malaysia was prone to contagion mostly due to links with neighbouring countries, correlated especially with Indonesia, less with Thailand, but centralization, similar to other SE Asian countries, made the contagion relatively fast. Conversely, the centralized yet controversial reaction of Mahathir bin Mohammad, allowed Malaysia to overcome the crisis faster and broadly implement a self-learning mechanism to avoid future shocks.(original abstract)

Efekt zarażania ma kluczowe znaczenie dla sfery realnej, finansowej i politycznej. Ciekawa jest kwestia centralizacji i samouczenia w systemie złożonym w odniesieniu do zdolności odpowiadania na efekt eskalacji zjawiska zarażania. Metoda analizy systemowej jest najwłaściwsza do analizy tej kategorii zjawisk. Na studium przypadku wybrano Malezję, dotkniętą zarówno kryzysem z lat 1997-1998 i 2008-2010. Hipoteza: systemy scentralizowane są bardziej podatne na zarażanie, ale samouczenie w systemie i odpowiedź na zarażanie może być szybsza, została dowiedziona na przypadku Malezji. Kraj ten był podatny na zarażanie ze względu na powiązania z sąsiadami: wysoką korelację z Indoenzją i mniejszym z Tajlandią, a centralizacja w systemie doprowadziła do szybkiego rozprzestrzeniania się zjawiska zarażania. Z drugiej strony scentralizowana, czasem uznawana za kontrowersyjną reakcja Mahathira bin Mohammada pozwoliła Malezji przezwyciężyć kryzys szybciej i wdrożyć szeroko mechanizmy samouczenia.(abstrakt oryginalny)

Słowa kluczowe

EN

Financial crisis; Contagion effect

PL

Kryzys finansowy; Efekt zarażania

• Czasopismo: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Rocznik: 2015
• Numer: nr 413 Dimensions of Regional Processes in the Asia-Pacific Region
• Strony: 220--232

Twórcy

autor

Marcin Grabowski

• Jagiellonian University

autor

Sławomir Wyciślak

• Jagiellonian University

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Identyfikatory

DOI

10.15611/pn.2015.413.19