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Judul Nowhere to hide : the great financial crisis and challenges for Asia / Michael Lim Mah-Hui
Pengarang Lim, Mah Hui
Lim, Chin
Penerbitan Institute of Southeast Asian Studies, 2010
Deskripsi Fisik 198 ;5.5 x 0.46 x 8.5 inches
ISBN 9789814279734
9789814279741
Subjek GLOBAL FINANCIAL CRISIS
GLOBAL ECONOMY
Abstrak This book takes a multi-disciplinary approach to the great financial crisis of 2007-09. It combines the disciplines of economics, finance, sociology and politics to analyse the causes, consequences and challenges of the crisis. The authors propose that the causes of the crisis should be understood at three inter-related levels - the level of theory and ideology; the level of financial industry practices and malpractices; and finally the level of structural imbalances in the international economy. Above all, the book is historical and holistic in perspective. This book is an excellent read for the critical layman interested in understanding the causes that underlie the global financial crisis. The authors combine the inquisitive and critical mind of a scholar and the lucid writing style of a journalist. The book provides a perspective on the crisis that is both practical and down to earth and at the same time, rigorous and holistic. Khor Hoe Ee, Chief Economist, Abu Dhabi Council for Economic Development, and former Assistant Managing Director, Economics, Monetary Authority of Singapore The authors trace the rise of finance and its domination over the real economy, the consequences of financial innovation and deregulation for systemic fragility, and the failure of conventional economic and financial theory to analyse and anticipate the consequent dangers. Their main original contribution is to relate these Western market developments to recent trends in the East Asian region and to call for appropriate systemic reforms, not only to avoid similar future crises, but also to address other underlying development and analytical problems. K.S. Jomo, Assistant Secretary General, Department of Economic and Social Affairs, United Nations In linking wealth and income distribution to financial instability, this book makes an important point that is often missed in the debate on the crisis. Central Banks have become strongly opposed to the idea of accommodating wage demands with the help of monetary easing, but they have been increasingly tolerant, or even supportive, of debt-financed consumption and asset inflation. Indeed, by serving to concentrate wealth further in the hands of a small rentier class, while protecting that class from the risks of debt defaults, they are only adding to systemic pressures that give rise to serious financial crises. Yilmaz Akyuz, Special Economic Advisor, South Centre, and former Chief Economist at United Nations Conference for Trade and Development
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Target Pembaca Tidak ada kode yang sesuai
Lokasi Akses Online https://portal.igpublish.com/iglibrary/obj/ISEASB0000313?searchid=1747815482019nDHAQ3exW0pREHcxwyIcr

 
No Barcode No. Panggil Akses Lokasi Ketersediaan
115315192 332.042 LIM n Baca Online Perpustakaan Pusat - Online Resources
Ebook
Tersedia
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245 1 # $a Nowhere to hide : the great financial crisis and challenges for Asia /$c Michael Lim Mah-Hui
260 # # :$b Institute of Southeast Asian Studies,$c 2010
300 # # $a 198 ; $c 5.5 x 0.46 x 8.5 inches
520 # # $a This book takes a multi-disciplinary approach to the great financial crisis of 2007-09. It combines the disciplines of economics, finance, sociology and politics to analyse the causes, consequences and challenges of the crisis. The authors propose that the causes of the crisis should be understood at three inter-related levels - the level of theory and ideology; the level of financial industry practices and malpractices; and finally the level of structural imbalances in the international economy. Above all, the book is historical and holistic in perspective. This book is an excellent read for the critical layman interested in understanding the causes that underlie the global financial crisis. The authors combine the inquisitive and critical mind of a scholar and the lucid writing style of a journalist. The book provides a perspective on the crisis that is both practical and down to earth and at the same time, rigorous and holistic. Khor Hoe Ee, Chief Economist, Abu Dhabi Council for Economic Development, and former Assistant Managing Director, Economics, Monetary Authority of Singapore The authors trace the rise of finance and its domination over the real economy, the consequences of financial innovation and deregulation for systemic fragility, and the failure of conventional economic and financial theory to analyse and anticipate the consequent dangers. Their main original contribution is to relate these Western market developments to recent trends in the East Asian region and to call for appropriate systemic reforms, not only to avoid similar future crises, but also to address other underlying development and analytical problems. K.S. Jomo, Assistant Secretary General, Department of Economic and Social Affairs, United Nations In linking wealth and income distribution to financial instability, this book makes an important point that is often missed in the debate on the crisis. Central Banks have become strongly opposed to the idea of accommodating wage demands with the help of monetary easing, but they have been increasingly tolerant, or even supportive, of debt-financed consumption and asset inflation. Indeed, by serving to concentrate wealth further in the hands of a small rentier class, while protecting that class from the risks of debt defaults, they are only adding to systemic pressures that give rise to serious financial crises. Yilmaz Akyuz, Special Economic Advisor, South Centre, and former Chief Economist at United Nations Conference for Trade and Development
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