Author:Andrew Sheng

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From Asian to Global Financial Crisis: An Asian Regulator's View of Unfettered Finance in the 1900s and 2000s

By: Andrew Sheng

Price: $11.95

Publisher: Cambridge, UK, Cambridge University Press: 2010

Edition: First Edition

Seller ID: 033172

ISBN: 052116821X

Condition: New


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 2008–2009. 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 interlinke... View more info