Wednesday, January 14, 2009

Asia in Crisis or GAIA Connections

Asia in Crisis: The Implosion of the Banking and Finance Systems

Author: Philippe Delhais

Throughout the 1980s and 1990s Asia's economic growth astonished the world. The region's stock markets soared to new heights, unprecedented economic growth rates were recorded and an acquisitive new middle class emerged. Then overnight, it all fell apart. The question now being asked is: Who brought the party to an end?. "In this penetrating and thoughtful account, Philippe Delhaise points the finger squarely at Asia's antiquated banking and financial systems. Everything else - the currency panics, the social and political shocks - is simply a stream of consequences flowing from the main source. What is exceptional about the crisis is not that it happened but the manner in which it came about, inflicting indiscriminate devastation to all.

Far Eastern Economic Review - Dan Biers

...[P]uts the blame squarely on weak banks that could not keep up with the region's phenomenal growth. Delhaise wins no awards for prose — after all, he hammered out the book in just 10 weeks and the subject is banking. But it's an informative read....Delhaise has written a book that is valuable as a primer to why so many of Asia's banks collapsed. It is also a useful contribution to the debate about what should be done to rebuild those crippled institutions.



Table of Contents:
Acknowledgements
Introduction1
Ch. 1The Asia Panic11
Ch. 2Crime and Punishment33
Ch. 3Bank Accounting in Asia47
Ch. 4Thailand81
Ch. 5Korea101
Ch. 6Indonesia123
Ch. 7Malaysia143
Ch. 8The Philippines161
Ch. 9Other East Asian Countries177
Ch. 10The Cure195
Ch. 11Conclusion223
Chronology of the Asian currency and stock market panic243
App. 1Summary of IMF Executive Board discussions on Indonesia, Korea and Thailand259
App. 2Definitions of ratios261
App. 3BIS captial ratios263
App. 4Figures and ratios by country264
References273
Index275

Go to: Mercenaries 2 or Applying Domain Driven Design and Patterns

Gaia Connections: An Introduction to Ecology, Ecoethics, and Economics

Author: Alan Miller

Miller's writing style makes the book easy to pick up and difficult to put down. Written at a level appropriate for advanced undergraduates, it is an important and valuable acquisition for academic libraries. —Choice



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