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...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge [u.a.]
Cambridge Univ. Press
2009
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Cover image Inhaltsverzeichnis |
| 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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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. |
| Item Description: | "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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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. Includes bibliographical references and index |
| Physical Description: | XIV, 489 S. graph. Darst. |
| ISBN: | 9780521118644 |
Staff View
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| 500 | |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. | ||
| 500 | |a Includes bibliographical references and index | ||
| 520 | 3 | |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. | |
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Record in the Search Index
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| adam_text | FROM ASIAN TO GLOBAL FINANCIAL CRISIS AN ASIAN REGULATORS VIEW OF
UNFETTERED FINANCE IN THE 1990S AND 2000S ANDREW SHENG CAMBRIDGE
UNIVERSITY PRESS CONTENTS LIST OF FIGURES PAGE IX LIST OF TABLES X
ACKNOWLEDGEMENTS XIII INTRODUCTION 1 1 THINGS FALL APART 21 2 JAPAN AND
THE ASIAN CRISIS 44 3 THE BEAM IN OUR EYES 71 4 BANKING: THE WEAKEST
LINK 86 5 WASHINGTON CONSENSUS AND THE IMF 109 6 THAILAND: THE KARMA OF
GLOBALIZATION 126 7 SOUTH KOREA: STRONG BODY, WEAK HEART 159 8 MALAYSIA:
THE COUNTRY THAT WENT ITS OWN WAY 187 9 INDONESIA: FROM ECONOMIC TO
POLITICAL CRISIS 218 10 HONG KONG: UNUSUAL TIMES NEED UNUSUAL ACTION 253
11 CHINA: RISE OF THE DRAGON 278 12 FROM CRISIS TO INTEGRATION 303 13
THE NEW WORLD OF FINANCIAL ENGINEERING 325 14 WHAT S WRONG WITH
FINANCIAL REGULATION? 350 15 THE GLOBAL FINANCIAL MELTDOWN 375 VIII
CONTENTS 16 A CRISIS OF GOVERNANCE 396 FROM ASIAN TO GLOBAL CRISIS:
CHRONOLOGY OF NOTABLE EVENTS 411 ABBREVIATIONS AND ACRONYMS 429
BIBLIOGRAPHY 433 INDEX 465
|
| any_adam_object | 1 |
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| dewey-ones | 330 - Economics |
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| dewey-sort | 3330.95 3429 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| era | Geschichte 1997-2009 gnd |
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| spelling | Sheng, Andrew Verfasser aut From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s Andrew Sheng 1. publ. Cambridge [u.a.] Cambridge Univ. Press 2009 XIV, 489 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier "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. Includes bibliographical references and index Geschichte 1997-2009 gnd rswk-swf Finance Asia Financial crises Asia Finanzkrise (DE-588)7635855-0 gnd rswk-swf Asien Asien (DE-588)4003217-6 gnd rswk-swf (DE-588)4133254-4 Erlebnisbericht gnd-content Asien (DE-588)4003217-6 g Finanzkrise (DE-588)7635855-0 s Geschichte 1997-2009 z DE-604 http://assets.cambridge.org/97805211/34156/cover/9780521134156.jpg Cover image GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018766437&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Sheng, Andrew From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s Finance Asia Financial crises Asia Finanzkrise (DE-588)7635855-0 gnd |
| subject_GND | (DE-588)7635855-0 (DE-588)4003217-6 (DE-588)4133254-4 |
| title | From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s |
| title_auth | From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s |
| title_exact_search | From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s |
| title_full | From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s Andrew Sheng |
| title_fullStr | From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s Andrew Sheng |
| title_full_unstemmed | From Asian to global financial crisis an Asian regulator's view of unfettered finance in the 1990s and 2000s Andrew Sheng |
| title_short | From Asian to global financial crisis |
| title_sort | from asian to global financial crisis an asian regulator s view of unfettered finance in the 1990s and 2000s |
| title_sub | an Asian regulator's view of unfettered finance in the 1990s and 2000s |
| topic | Finance Asia Financial crises Asia Finanzkrise (DE-588)7635855-0 gnd |
| topic_facet | Finance Asia Financial crises Asia Finanzkrise Asien Erlebnisbericht |
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