From stress to growth : strengthening Asia's financial systems in a post-crisis world / Marcus Noland and Donghyun Park, editors.

9780881326994
9780881327007 (electronic bk.)

Washington, DC : Asian Development Bank : Peterson Institute for International Economics, [2015]

©2015

English

1 online resource (397 pages) : illustrations

HG187.A2 F76 2015

332.095

"Asian financial systems, which serve the most economically dynamic region of the world, survived the global economic crisis of the last several years. In this book scholars argue in separate essays that Asian systems must strengthen their quality, diversity, and resilience to future shocks in order to deliver growth in coming years. The book examines such phenomena as the dominance of state-owned banks, the growth of nonbank lending (the so-called shadow banks), and the need to develop local bond markets, new financial centers, and stronger supervisory tools to prevent dangerous real estate asset bubbles. China's large financial system is discussed at length, with emphasis on concerns that China's system has grown too fast, that it is overly tilted toward corporate borrowing, and that state domination has led to overly easy credit to state-owned actors. Asia needs investment to improve its infrastructure and carry out technological innovation, but the book argues that the region's financial systems face challenges in meeting that need"-- Provided by publisher.

"June 2015."

Includes bibliographical references and index.

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Description based on print version record.

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