From Asian to Global Financial Crisis - An Asian Regulator's View of Unfettered Finance in the 1990s and 2000s (Hardcover)

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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 2009
First published:	October 2009
Authors:	Andrew Sheng
Dimensions:	236 x 158 x 30mm (L x W x T)
Format:	Hardcover
Pages:	504
ISBN-13:	978-0-521-11864-4
Categories:	Books > Business & Economics > Economics > General Books > Humanities > History > Asian / Middle Eastern history > General Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > History > Asian / Middle Eastern history > General Books > Money & Finance > Public finance > General
LSN:	0-521-11864-6
Barcode:	9780521118644

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