Learning lessons -- Blessings and perils of liberal finance -- Financial crises in the era of globalization -- From crises to imbalances -- Calm before a storm -- Toward adjustment and domestic reform -- Toward global reform -- Toward a more stable world

Assessing the stability of the Chinese economy and the nature of its economic governance, this text examines how internationalisation has impacted on financial market development in China and how far this has contributed to the development of new institutions within China