03475nam 2200601 a 450 991078090640332120230721005535.01-282-44287-29786612442872981-4273-79-1(CKB)2550000000003010(EBL)477094(OCoLC)588987308(SSID)ssj0000336641(PQKBManifestationID)11234070(PQKBTitleCode)TC0000336641(PQKBWorkID)10282298(PQKB)11775680(MiAaPQ)EBC477094(WSP)00000488 (Au-PeEL)EBL477094(CaPaEBR)ebr10361677(CaONFJC)MIL244287(EXLCZ)99255000000000301020090327d2009 uy 0engur|n|---|||||txtccrDestructive creativity of Wall St. and the East Asian response[electronic resource] /Michael Heng Siam-Heng, Lim Tai WeiSingapore ;Hackensack, NJ World Scientificc20091 online resource (267 p.)Description based upon print version of record.981-4273-78-3 Includes bibliographical references (p. 227-247) and index.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.The current financial crisis provides a valuable occasion for the world to re-examine the grand statements of wisdom which dominate the financial world for a long time. The impact is extremely serious as a result of the convergence of a number of factors such as huge current account deficits of the United States, globalization, deregulation, loose monetary policy, and excessive liquidity. This book seeks to address the critical issues in deregulation, derivatives, leveraging, remuneration systems, and rating agencies. This book will also examine Asia's response and why Asian economies have beeDestructive creativity of Wall Street and the East Asian responseFinancial crisesEast AsiaHistory20th centuryFinancial crisesHistory21st centuryFinancial crisesHistoryFinancial crisesHistory330.95/0429Heng Michael S. H.1948-1494102Lim Tai-Wei999995MiAaPQMiAaPQMiAaPQBOOK9910780906403321Destructive creativity of Wall St. and the East Asian response3717433UNINA