From Asian to global financial crisis : an Asian regulator's view of unfettered finance in the 1990s and 2000s /
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| Author / Creator: | Sheng, Andrew. |
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| Imprint: | Cambridge ; New York : Cambridge University Press, 2009. |
| Description: | 1 online resource (xiv, 489 pages) : illustrations |
| Language: | English |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11826177 |
| Summary: | This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008 2009. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study s main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change. |
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| Physical Description: | 1 online resource (xiv, 489 pages) : illustrations |
| Bibliography: | Includes bibliographical references (pages 433-463) and index. |
| ISBN: | 9780511712333 0511712332 9780511806926 0511806922 9780511714405 0511714408 9780521118644 0521118646 9780521134156 0521134153 |