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

"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 19...

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Bibliographic Details
Main Author: Sheng, Andrew (Author)
Format: Book
Language:English
Published: Cambridge ; New York : Cambridge University Press , c2009
Subjects:
Online Access:Cover image

MARC

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020 |a 0521118646 (hbk.) 
020 |a 0521134153 (pbk.) 
020 |a 9780521118644 (hbk.) 
020 |a 9780521134156 (pbk.) 
090 0 0 |a HG187.A2   |b S54 2009 
100 1 |a Sheng, Andrew ,   |e author 
245 1 0 |a From Asian to global financial crisis :   |b an Asian regulator's view of unfettered finance in the 1990s and 2000s   |c Andrew Sheng 
260 |a Cambridge ;   |a New York :   |b Cambridge University Press ,   |c c2009 
300 |a xiv, 489 p. :   |b ill. ;   |c 24 cm. 
504 |a Includes bibliographical references (p. 433-463) and index 
520 |a "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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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. 
650 0 |a Finance   |z Asia 
650 0 |a Financial crises   |z Asia 
856 4 2 |3 Cover image   |u http://assets.cambridge.org/97805211/34156/cover/9780521134156.jpg 
999 |a 1000134990   |b Book   |c OPEN SHELF (30 DAYS)   |e Gong Badak Campus