Global Shocks and the New Global and Regional Financial Architecture: Asian Perspectives by Naoyuki YoshinoGlobal Shocks and the New Global and Regional Financial Architecture: Asian Perspectives by Naoyuki Yoshino

Global Shocks and the New Global and Regional Financial Architecture: Asian Perspectives

EditorNaoyuki Yoshino, Pradumna B. Rana, Peter J. Morgan

Paperback | June 1, 2018

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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 reviews the experience of 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.

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.
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Title:Global Shocks and the New Global and Regional Financial Architecture: Asian PerspectivesFormat:PaperbackDimensions:340 pages, 9 × 6 × 0.68 inPublished:June 1, 2018Publisher:Brookings Institution PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:4899740697

ISBN - 13:9784899740698

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