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Reluctant Regulators is a scathing indictment of regulatory inertia in the West. It provides important and original insights into the causes of financial crises and pays special attention to China's attempts at reform and Hong Kong's place in China's financial modernization. The book will be of interest to professionals in financial services, to policy-makers, and to scholars and students in economics, political science and economic history.
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"This is an important book based on extensive research by an astute observer. Goodstadt makes a convincing case that the ability of the financial markets to adequately self-regulate was an illusion, and that the Anglo-American model of financial supervision proved a failure. His argument that the Hong Kong model has shown more resilience is difficult to deny. A timely, imaginative, and well-documented contribution to the debate about the recent financial crisis which should be widely read." — Helmut Sohmen, Chairman, BW Group Limited
Also by Leo F. Goodstadt:
Profits, Politics and Panics: Hong Kong's Banks and the Making of a Miracle Economy, 1935–1985
"An important and useful contribution to Hong Kong's banking and colonial history, meticulously researched, and a must read for anyone who cares about Hong Kong's survival as an international financial centre." — Andrew Sheng, Chairman of the Hong Kong Securities and Futures Commission, 1998-2005
Uneasy Partners: The Conflict between Public Interest and Private Profit in Hong Kong
"Leo Goodstadt's original, masterly and carefully considered account of Hong Kong's colonial rule and its baleful legacy is the best available." — Michael Yahuda, Emeritus Professor, The London School of Economics
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