Asian Financial Integration

Asia’s experience during the global financial crisis raises a range of important questions about the future direction of the region’s economic policy and financial cooperation. This book examines what Asia should learn from the crisis; whether global imbalances are a result of policy distortions or a natural outcome of global division of labour; the lessons and implications from the financial market reform and liberalization of some of the region’s major economies; and what should Asia do to promote regional financial integration.