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Reluctant Regulators: How the West Created and How China Survived the Global Financial Crisis

Leo F. Goodstadt

Published in print:
2011
Published Online:
September 2011
ISBN:
9789888083251
eISBN:
9789882207349
Item type:
book
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888083251.001.0001
Subject:
Economics and Finance, South and East Asia

The 2007–2009 global financial crisis was predictable and avoidable, but American and British regulators chose not to intervene. They failed to implement their own policies because of an ... More


China’s Painful Decisions:: Politics in Command

Leo F. Goodstadt

in Reluctant Regulators: How the West Created and How China Survived the Global Financial Crisis

Published in print:
2011
Published Online:
September 2011
ISBN:
9789888083251
eISBN:
9789882207349
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888083251.003.0005
Subject:
Economics and Finance, South and East Asia

Policy makers were not able to recognize moral hazard and the fact that lightly regulated markets had certain limits. In contrast to the experience of Washington and London in terms of making ... More


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