From Asian to global financial crisis : an Asian regulator's view of unfettered finance in the 1990s and 2000s
Author(s)
Bibliographic Information
From Asian to global financial crisis : an Asian regulator's view of unfettered finance in the 1990s and 2000s
Cambridge University Press, 2009
- : hbk
- : pbk
Available at 37 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
-
National Graduate Institute for Policy Studies Library (GRIPS Library)
: pbk338.22||Sh1401545046
Note
Includes bibliographical references (p. 433-463) and index
Description and Table of Contents
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 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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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.
Table of Contents
- Introduction
- 1. Things fall apart
- 2. Japan and the Asian crisis
- 3. The beam in our eyes
- 4. Banking: the weakest link
- 5. Washington consensus and the IMF
- 6. Thailand: the karma of globalization
- 7. South Korea: strong body, weak heart
- 8. Malaysia: the country that went her own way
- 9. Indonesia: from economic to political crisis
- 10. Hong Kong: unusual times need unusual action
- 11. China: rise of the dragon
- 12. From crisis to integration
- 13. The new world of financial engineering
- 14. What's wrong with financial regulation?
- 15. The global financial meltdown
- 16. A crisis of governance
- Appendices: From Asian to global crisis: chronology of notable events
- Abbreviations and acronyms.
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