From stress to growth : strengthening Asia's financial systems in a post-crisis world

Resource Information

The work From stress to growth : strengthening Asia's financial systems in a post-crisis world represents a distinct intellectual or artistic creation found in European University Institute Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

From stress to growth : strengthening Asia's financial systems in a post-crisis world

Title remainder

strengthening Asia's financial systems in a post-crisis world

Statement of responsibility

Marcus Noland and Donghyun Park, editors

Creator

• Noland, Marcus, 1959-

Contributor

• Park, Donghyun

Editor

• Noland, Marcus, 1959-
• Park, Donghyun

Subject

• Finance -- Asia
• Financial crises -- Asia
• Asia -- Economic conditions -- 21st century

Language

eng

Summary

"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"--

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Provided by publisher

Cataloging source

NIC/DLC

Illustrations

illustrations

Index

index present

Literary form

non fiction

Nature of contents

bibliography