Overview

Asian economies continue to be subject to new shocks: US monetary policy tightening, the adoption of negative-interest-rate policies by central banks all over the world, the slowdown of the People’s Republic of China, and the sharp drop in oil and other commodity prices. All these highlight the vulnerability of the region to volatile trade and capital flows even as the global and Asian regional financial architecture evolves. This volume analyzes the vulnerabilities of Asian economies to external economic and financial shocks and assesses the performance of Asian regional institutions in financial surveillance and cooperation. It also evaluates ongoing reforms of the global financial architecture, including the International Monetary Fund (IMF), the Financial Stability Board, and the “Troika” (European Commission, European Central Bank, and the IMF) in managing the European sovereign debt and banking crisis. Based on these, the book develops valuable recommendations to strengthen the Asian regional financial architecture and improve cooperation with global multilateral institutions.

Full Product Details

9784899740698

Table of Contents

Reviews

Author Information

Naoyuki Yoshino is Dean of the Asian Development Bank Institute. Pradumna B. Rana is Associate Professor at the S, Rajaratnam School of International Studies, Nanyang Technological University, Singapore. Peter J. Morgan is Senior Consultant for Research, Asian Development Bank Institute.

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available