From asian to global financial crisis: an asian regulator's view of unfettered finance in the 1990s and 2008s
- New Delhi Cambridge University Press 2012
- 482 p.
he story of the boom and crash of 1929 is worth telling for its own sake. Great drama joined in those months with a luminous insanity. But there is the more sombre pur pose. As protection against financial illusion or insanity, memory is far better than law. When memory of the 1929 disaster failed, law and regulation no longer suf ficed. For protecting people from the cupidity of others and their own, history is highly utilitarian.