01779cam a2200205 i 4500008004100000020001800041040000800059050002400067245013600091260007700227300001900304500001700323505001700340520105900357650001901416650002801435651004501463700003601508700002901544150114s2015    dcua     b    001 0 eng c  a9780881326994  aSDU00aHG187.A2bF931 201500aFrom stress to growth :bstrengthening Asia's financial systems in a post-crisis world /cMarcus Noland and Donghyun Park, editors.  aWashington, DC : bPeterson Institute for International Economics,c2015  a386 p. :bill.  a"June 2015."0 aHKBU Library  a"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"-- 0aFinancezAsia. 0aFinancial criseszAsia. 0aAsiaxEconomic conditionsy21st century.1 aNoland, Marcus,d1959-eeditor.1 aPark, Donghyun,eeditor.