From Asian to Global Financial Crisis

An Asian Regulator's View of Unfettered Finance in the 1990s and 2000s

Business & Finance, Finance & Investing, Finance, Nonfiction, History
Cover of the book From Asian to Global Financial Crisis by Andrew Sheng, Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Andrew Sheng ISBN: 9781107712812
Publisher: Cambridge University Press Publication: September 28, 2009
Imprint: Cambridge University Press Language: English
Author: Andrew Sheng
ISBN: 9781107712812
Publisher: Cambridge University Press
Publication: September 28, 2009
Imprint: Cambridge University Press
Language: English

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 global crisis of 2008–9. 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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 global crisis of 2008–9. 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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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.

More books from Cambridge University Press

Cover of the book Virtue in Business by Andrew Sheng
Cover of the book The Truth about Romanticism by Andrew Sheng
Cover of the book Political Governance in Post-Genocide Rwanda by Andrew Sheng
Cover of the book Making Policy Public by Andrew Sheng
Cover of the book A Search for Sovereignty by Andrew Sheng
Cover of the book How to Survive in Anaesthesia by Andrew Sheng
Cover of the book Security Theology, Surveillance and the Politics of Fear by Andrew Sheng
Cover of the book On the People's Terms by Andrew Sheng
Cover of the book The Taming of the Shrew by Andrew Sheng
Cover of the book Reading John Keats by Andrew Sheng
Cover of the book Asian Slaves in Colonial Mexico by Andrew Sheng
Cover of the book Family and Gender in Renaissance Italy, 1300–1600 by Andrew Sheng
Cover of the book The Cambridge Handbook of Language Policy by Andrew Sheng
Cover of the book Fundamentals of Modern VLSI Devices by Andrew Sheng
Cover of the book Evolving Animals by Andrew Sheng
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy