From Asian to Global Financial Crisis |

From Asian to Global Financial Crisis

Download presentation slides  [252KB]

Multimedia: Webcast

Synopsis:

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 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and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated.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.

Click here for more info.

Speaker(s):

Andrew Sheng, Chief Adviser to the China Banking Regulatory Commission

Date:
Monday, 09 November 2009
Time:
5.00 p.m. - 6.15 p.m.
Venue:

Seminar Room 3-1
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road
Singapore 259772

WordPress Video Lightbox Plugin