Asian Perspectives on Financial Sector Reforms and Regulation

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. In this informative volume, 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, and examined strategies to promote financial stability.