Anselmo L S Teng: Macao’s financial sector – exhibiting steady development Speech by Mr Anselmo L S Teng, Chairman of the Monetary Authority of Macao, at the 2008 AMCM Spring Cocktail Reception, Macao, 11 March 2008.
As it is said of peace that it is an interlude between two wars, perhaps, looking at the regularity of crises in the recent times, one would say, a calm period is an interlude between two crises. Such has been the history of financial crises in the past. How was the global financial crisis different?