01878cam a2200241 i 4500 150114s2015 dcua b 001 0 eng c 9780881326994 SDU HG187.A2 F931 2015 From stress to growth : strengthening Asia's financial systems in a post-crisis world / Marcus Noland and Donghyun Park, editors. Washington, DC : Peterson Institute for International Economics, 2015 386 p. : ill. "June 2015." HKBU Library "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"-- Finance Asia. Financial crises Asia. Asia Economic conditions 21st century. Noland, Marcus, 1959- editor. 187529 Park, Donghyun, editor. 187530 = C.1 SDU GBE lcc 102366 102366 0 0 lcc 0 HG0187 A2 F931 02015 0 CGB 280732 SDU SDU GEN3 2025-09-05 2 0 HG187.A2 F931 2015 1000373528 2025-09-05 00:00:00 C.1 2025-09-05 GBE