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Agricultural Bank of China 91 AIG 47, 50 Asian financial crisis (1997–98) 8, 13, 35, 39, 40, 41, 56, 57, 63, 72, 77, 78, 79, 80, 81, 84, 101, 103, 111, 118, 127 Bair, Sheila C. 51 Banking crises 4, 15, 20, 30, 31, 42, 78, 97, 99, 109, 110, 111, 112, 113, 128 Bank of America 50 Bank of China 73, 85, 87, 89, 90 Bank of England 2, 3, 4, 12, 21, 22, 23, 28, 33, 36, 41, 44, 46, 48, 49, 54, 97, 104, 118, 122, 123, 125 Basel Committee 16, 23, 24, 46, 93 Basic Law 17, 104, 107, 113 Baumol, William J. 37, 39, 46 Bean, Charles 4 Bear Sterns 31 Bernanke, Ben S. 28, 41, 42, 107 Blanchflower, David 21 BNP Paribas 42 Brazil 115 Bremridge, Sir John, 108, 109, 110 Bush, George W. 123 Casey, Kathleen L. 45 Chemical Bank 108 China Banking Regulatory Commission 12, 57, 59, 84, 86, 93, 126, 127 China Construction Bank 65, 90 China International Trust and Investment Corporation (CITIC) 71 Chinese bank loan crises local government borrowings 40, 60, 61, 62, 64, 77, 78, 79, 81–4, 85, 86 non-performing assets 60–2, 63, 64, 75, 81, 91, 119 ‘policy’ lending 13, 58–9, 60, 61–2, 65, 66, 72, 77, 78, 79, 81, 92 ‘relationship’ lending 13, 61, 62–3, 65, 66, 69, 72, 77, 78, 79, 81, 84, 93 Chinese Communist Party 8, 13, 57, 60, 61, 62, 64, 65, 67–9, 71, 73, 77, 82, 88, 95 Citibank/Citigroup 50, 108, 116, 120, 121 Cold War 88, 93, 106 Consumer protection 35, 51–3, 120 Corruption 13, 62, 80, 85, 87, 93 118, 121 Cowperthwaite Sir John, 98, 99, 107–8 Cox, Christopher 45 Cultural Revolution 65, 68 Currency crises 23, 29, 88, 98, 99, 102, 105 Deng Xiaoping, 8, 10, 55, 65, 68, 69, 71, 74 Derivatives 8, 12, 40, 47, 48, 49, 50, 55, 102, 107 Deutsche Bank 116 Dollar Credit 108 Index 204 Index Emerging economies (including transition and ‘Third World’) 1, 4, 7, 8, 10, 11, 16, 25, 12, 30, 40, 41, 67, 68, 87, 90, 116 Enron 12, 26, 29, 45 European Central Bank 5, 26, 27 European Union 26–7 Exchange controls 23, 55, 80, 87, 88, 90, 95, 106 Federal Deposit Insurance Corporation 29, 44, 51 Federal Reserve Board 5, 22, 26, 28, 32, 41, 42, 47, 50, 51, 52, 53–4, 57, 101, 107, 121, 123, 124, 125 Financial deregulation 7, 24, 25, 29, 30, 97, 100, 101, 120 Financial Services Authority 38, 45 Foreign trade 9, 10, 11, 14, 25, 67, 69, 70, 71, 88, 105 France 112 Friedman, Milton 98, 103 Geithner, Timothy F. 22 Germany 112, 115 Greece 5 Greenspan, Alan 5–6, 7, 27, 28, 101–4, 125 Guangdong International Trust and Investment Corporation (GITIC) 80 Guomindang 88, Haddon-Cave Sir Philip, 98, 99, 105, 108, 110 Herstatt Bank 54 Hong Kong Monetary Authority 93, 97, 99, 111, 127 HSBC 38, 108 India 2, 10, 115 Industrial and Commercial Bank of China 90 Inflation 20, 22, 27, 70, 85, 88, 98, 105 Insurance 8, 35, 49–50, 56, 81, 109, 122 Ireland 5, 118 ITICs (international trust and investment corporations) 40, 79–80 Japan 10, 24, 73, 80, 95 Keynesianism 98, 104–5 King, Mervyn 22, 36, 53 Laissez-faire (including ‘non-interventionism ’) 15, 17, 19, 31, 39, 87, 88, 96, 98, 99, 100, 101, 103, 104, 107–8, 112, 128 Lehman Bros 1, 124 ‘Lehman mini-bonds’ 112 Li Xiannian 66, 71 Liu Jiayi 84 Liu Mingkang 86 LTCM 28–9 Mao Zedong 9, 18, 71 Maoism 10, 65, 66, 67, 71, 73, 74, 89 Market liberalisation 7, 9, 10, 13, 16, 20, 24, 25, 30, 31, 32, 40, 59, 62, 66, 68, 87, 93, 116 127 Merrill Lynch 50 Moody’s 45 Moral hazard 12, 28, 30, 33, 36–7, 47, 50, 60, 63–4, 77, 78, 80, 86, 100, 107, 109–10, 111, 120, 121, 123–4 Mortgages 19, 31, 36, 42, 43, 44, 48, 52, 98 ‘Non-interventionism’ see ‘Laissez faire’ Northern Rock Bank 1, 12, 44, 45 Obama, Barack 124 Parmalat 45 People’s Bank of China 1, 9, 10, 12, 13, 57, 58, 59, 60, 61, 63, 64, 65, 66, 69, 70, 74, 79, 81, 85, 91 Property ‘bubbles’ 8, 13, 21, 35, 42–5, 78, 84, 85–6, 99, 105, 108 Quantitative restrictions 15, 93, 98 [13.58.247.31] Project MUSE (2024...

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