"This book puts China's shadow banking developments into perspective and clarifies the misconceptions surrounding its potential risks due to definitional and measurement differences, including double counting. It identifies the Chinese characteristics of shadow banking and attributes its rapid...

This paper reviews the key insights of Hyman P. Minsky in arguing why finance cannot be left to free markets, drawing on the East Asian development experience. The paper suggests that Minsky's more complete stock-flow consistent analytical framework, by putting finance at the center of analysis...