摘要：The purpose of this paper is to view the current financial crisis through the prism of models of the relationships between the banking sector and the public sector authorities,in particular to distinguish between the Anglo-Saxon and Asian models. In the Anglo-Saxon model,the authorities focused on controlling inflation,while banking strategic policy decisions were left to bank managers in a context of 'light-touch’ regulation. In the Asian model,strategic banking policy decisions were much more closely constrained by outside,often public sector,agents. Now the AngloSaxon model has been found wanting,and the public sector has had to intervene much more closely to prevent collapse,providing systemic financial institutions with insurance against both illiquidity and insolvency. Will this lead to a greater synthesis between the Anglo-Saxon and Asian models?
