A key lesson of the 2007-2009 global financial crisis (GFC) was the importance of containing systemic financial risk and the need for a "macroprudential" approach to surveillance and regulation that can identify system-wide risks and take appropriate actions to maintain financial stability. By...

Intro -- CONTENTS -- Foreword -- Acknowledgements -- List of abbreviations -- The Contributors -- 1. Introductory Overview -- I. The Trans-Pacific Partnership (TPP) Agreement -- 2. The Origins and Evolution of TPP Trade Negotiations -- 3. The Political Economy of Joining TPP: The Case of...

A Brookings Institution Press and Asian Development Bank Institute publication Meet the next global currency: the Chinese renminbi, or the "redback." Following the global financial crisis of 2008, China's major monetary policy objective is the internationalization of the renminbi, that is, to...

There is a deepening debate in East Asia about the prospects for common exchange rate arrangements, even including the formation of a common currency in the longer term. This raises a complex set of issues and this volume provides a detailed yet comprehensive examination of key issues in the...