The growing weight of the People's Republic of China (PRC) in the world economy, measured by gross domestic product … could expose PRC financial markets to the risk of crisis. The paper also emphasizes the importance of institutional reforms …

financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world …, the region's growth rebalancing has only modest spillover effects on the rest of the world. EEA can contribute to global … growth, but it alone cannot become the sole engine driving post-crisis growth in the world economy …

presents a case that there were four primary failures contributing to the crisis: excessive risk-taking in the financial sector … due to mispriced government guarantees; regulatory focus on individual institution risk rather than systemic risk; opacity …

case that there were four primary failures contributing to the crisis: excessive risk-taking in the financial sector due to … mispriced government guarantees; regulatory focus on individual institution risk rather than systemic risk; opacity of positions …

financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world …, the region's growth rebalancing has only modest spillover effects on the rest of the world. EEA can contribute to global … growth, but it alone cannot become the sole engine driving post-crisis growth in the world economy. …

The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of …