000 02674cam a2200337 a 4500
001 15804221
005 20120515105129.0
008 090706s2009 enka b 001 0 eng
010 _a 2009027826
020 _a9780521118644 (hbk.)
020 _a0521118646 (hbk.)
020 _a9780521134156 (pbk.)
020 _a9780521168212 (pbk.)
035 _a(OCoLC)ocn351325459
040 _aDLC
_cDLC
_dBTCTA
_dYDXCP
_dC#P
_dSINLB
_dDLC
043 _aa------
050 0 0 _aHG187.A2
_bS54 2009
082 0 0 _a330.950429 SHE/Asi
_222
100 1 _aSheng, Andrew.
245 1 0 _aFrom Asian to global financial crisis :
_ban Asian regulator's view of unfettered finance in the 1990s and 2000s /
_cAndrew Sheng.
260 _aCambridge ;
_aNew Delhi :
_bCambridge University Press,
_c2010.
300 _axiv, 489 p. :
_bill. ;
_c22 cm.
504 _aIncludes bibliographical references (p. 433-463) and index.
505 0 _aThings 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.
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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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 _aFinance
_zAsia.
650 0 _aFinancial crises
_zAsia.
856 4 2 _3Cover image
_uhttp://assets.cambridge.org/97805211/34156/cover/9780521134156.jpg
906 _a7
_bcbc
_corignew
_d1
_eecip
_f20
_gy-gencatlg
955 _bre10 2009-07-06
_cre10 2009-07-06 ONIX
999 _c109504
_d109504