"A compelling account of why the global financial crisis owes much to a flawed regulatory culture in Washington and London, and why the banking system in Mainland China has been weakened by the well-intentioned fiscal stimulus package introduced in respon

"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 supervisi

Leo F. Goodstadt was chief policy adviser to the Hong Kong Government as head of its Central Policy Unit (1989-97) and has had an extensive consultancy practice in Asian banking. He has written widely on the global financial crisis and on China's economic development.