Asian Perspectives on Financial Sector Reforms and Regulation - Couverture souple

 
9780815722106: Asian Perspectives on Financial Sector Reforms and Regulation

Synopsis

Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines in growth rates. China and India maintained strong growth during the crisis and played an important role in facilitating global economic recovery. In this informative volume, the third in a series on emerging markets, editors Masahiro Kawai and Eswar Prasad and their contributors discuss the major domestic macroeconomic and financial policy issues that could limit the growth potential of Asian emerging markets, such as rising inflation, surging capital inflows and the accompanying risk of asset and credit market bubbles, and the threat of rapid currency appreciation. The book examines strategies to promote financial stability, including reforms for financial market development and macroprudential supervision and regulation.

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À propos de l?auteur

Masahiro Kawai is dean of the Asian Development Bank Institute. Previously he was a professor of economics at the University of Tokyo. From 1998 to 2001, he was chief economist for the East Asia and Pacific region at the World Bank. Eswar S. Prasad holds the New Century Chair in International Economics at the Brookings Institution. He is the Tolani Senior Professor of Trade Policy at Cornell University and a research associate at the National Bureau of Economic Research.

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