How the Asian financial crisis led to today’s debt binge

The book is full of Napier’s personal experiences, many of them highly entertaining. He recalls a Malaysian security official asking him for a stock tip, Ian Botham nominating him for a parachute jump and my favourite, a rendition of Danny Boy on a New York bar. And importantly, the author is not afraid to admit he got things wrong. He initially missed the risk in South Korea, which had significant dollar earnings and a current account surplus but nevertheless came close to bankruptcy; and he underestimated the impact of the unleashing of liquidity post the LTCM crisis in supporting US markets.