The Asian Crisis of 1997 occurred as I was finishing up my Ph.D. on banking stability. This crisis had a major effect on the so-called Asian tigers and it marked a major shift in economic power towards China. In the short video below, Jan Kregel explains why the Asian crisis happened and the role played by derivative instruments and U.S. investment banks in the crisis.
Michael Aldous and I had our book The CEO: The Rise and Fall of Britain's Captains of Industry published a few weeks ago. You can find out more about it and buy it at Cambridge University Press's website . It is also available at Amazon , Waterstones , and Barnes & Noble . The CEO has already been reviewed in The Sunday Times , The Observer and Financial Times .