From Asian to global financial crisis : an Asian regulator's view of unfettered finance in the 1990s and 2000s /

From Asian to global financial crisis : an Asian regulator's view of unfettered finance in the 1990s and 2000s /

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Bibliographic Details
Author / Creator:	Sheng, Andrew.
Imprint:	Cambridge ; New York : Cambridge University Press, 2009.
Description:	1 online resource (xiv, 489 pages) : illustrations
Language:	English
Subject:	Finance -- Asia. Financial crises -- Asia. Finance. Financial crises. Asia. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11826177

Hidden Bibliographic Details
ISBN:	9780511712333 0511712332 9780511806926 0511806922 9780511714405 0511714408 9780521118644 0521118646 9780521134156 0521134153
Notes:	Includes bibliographical references (pages 433-463) and index.
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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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"--Provided by publisher.
Other form:	Print version: Sheng, Andrew. From Asian to global financial crisis. Cambridge ; New York : Cambridge University Press, 2009 9780521118644

Table of Contents:

Things fall apart
Japan and the Asian crisis
The beam in our eyes
Banking: the weakest link
Washington consensus and the IMF
Thailand: the karma of globalization
South Korea: strong body, weak heart
Malaysia: the country that went its own way
Indonesia: from economic to political crisis
Hong Kong: unusual times need unusual action
China: rise of the dragon
From crisis to integration
The new world of financial engineering
What's wrong with financial regulation?
The global financial meltdown
A crisis of governance.