Destructive creativity of Wall St. and the East Asian response / Michael Heng Siam-Heng, Lim Tai Wei.

Format:

Book

Author/Creator:

Heng, Michael S. H., 1948-

Contributor:

Lim, Tai-Wei

Language:

English

Subjects (All):

Financial crises--East Asia--History--20th century.

Financial crises.

History.

East Asia.

Financial crises--History--21st century.

Physical Description:

viii, 258 pages ; 21 cm

Other Title:

Destructive creativity of Wall Street and the East Asian response

Place of Publication:

Singapore ; Hackensack, NJ : World Scientific Pub. Co., [2009]

Summary:

Heng and Lim (both East Asian Institute, National U. of Singapore) take the impending economic crash as an opportunity to look closely and critically at the nature of the financial market, and its deregulation, derivatives, leveraging, remuneration system, and rating agencies. They look at Wall Street from such perspectives as a potted history of banking and finance, financial architecture, regulation and deregulation, and counter-cyclical measures. Then they turn to East Asia, discussing positive and negative lessons learned a decade after the Asian financial crisis, coordinating with the region and the world, forming an economic community, whether there is a shift in the power center, and other topics. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)

Contents:

Introduction

Potted history of banking and finance

In the shadow of depression?

Financial engineering, or what can go wrong will

Financial architecture, 1

Financial architecture, 2

Reforming the IMF : from fire fighting to fire prevention

Regulation and deregulation

Back to basics

Counter-cyclical measures

Some deeper issues

The 1997 Asian financial crisis

Ten years after the Asian financial crisis : positive lessons learned

Ten years after the Asian financial crisis : negative lessons learned

Deconstructing the state-led model

Reforming the state-led model

The global financial crisis 2008

Impact and immediate response to the crisis in East Asia

Coordinating with the region and the world

ASEAN economic regionalism : a regional financial architecture in the making?

Forming an economic community

A shift in power center?

What now?

Coping with challenges.

Notes:

Includes bibliographical references (pages 227-247) and index.

ISBN:

9789814273787

9814273783

OCLC:

299716445