DESTRUCTIVE CREATIVITY OF WALL STREET AND THE EAST ASIAN RESPONSE

DESTRUCTIVE CREATIVITY OF WALL STREET AND THE EAST ASIAN RESPONSE

CONTENTS


FRONT MATTER	i
Introduction Michael Siam-Heng Heng and Tai Wei Lim	1
Part One Destructive Creativity of Wall Street
Potted History of Banking and Finance Michael Siam-Heng Heng and Tai Wei Lim	11
In the Shadow of Depression? Michael Siam-Heng Heng and Tai Wei Lim	19
Financial Engineering or What Can Go Wrong Will Michael Siam-Heng Heng and Tai Wei Lim	25
Financial Architecture — I Michael Siam-Heng Heng and Tai Wei Lim	35
Financial Architecture — II Michael Siam-Heng Heng and Tai Wei Lim	43
Reforming IMF — from Fire Fighting to Fire Prevention Michael Siam-Heng Heng and Tai Wei Lim	51
Regulation and Deregulation Michael Siam-Heng Heng and Tai Wei Lim	57
Back to Basics Michael Siam-Heng Heng and Tai Wei Lim	65
Counter-Cyclical Measures Michael Siam-Heng Heng and Tai Wei Lim	75
Some Deeper Issues Michael Siam-Heng Heng and Tai Wei Lim	81
Part Two The East Asian Response
The 1997 Asian Financial Crisis Michael Siam-Heng Heng and Tai Wei Lim	91
Ten Years After the Asian Financial Crisis — Positive Lessons Learned Michael Siam-Heng Heng and Tai Wei Lim	103
Ten Years After the Asian Financial Crisis — Negative Lessons Learned Michael Siam-Heng Heng and Tai Wei Lim	109
Deconstructing the State-led Model Michael Siam-Heng Heng and Tai Wei Lim	115
Reforming the State-led Model Michael Siam-Heng Heng and Tai Wei Lim	125
The Global Financial Crisis 2008 Michael Siam-Heng Heng and Tai Wei Lim	135
Impact and Immediate Response to the Crisis in East Asia Michael Siam-Heng Heng and Tai Wei Lim	141
Coordinating with the Region and the World Michael Siam-Heng Heng and Tai Wei Lim	153
ASEAN Economic Regionalism: A Regional Financial Architecture in the Making? Michael Siam-Heng Heng and Tai Wei Lim	165
Forming an Economic Community Michael Siam-Heng Heng and Tai Wei Lim	173
A Shift in Power Center? Michael Siam-Heng Heng and Tai Wei Lim	185
BACK MATTER	197
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