inherent in the current global financial system. Asia was adversely affected by the crisis not only because of its dependence … on trade, but also because of its heavy reliance on the US dollar for regional and international transactions. As Asia …, extending the trade settlement scheme to the rest of Asia and appending a government bond payment and securities settlement …

mediating role for regional-level institutions of financial regulation between national regulators in Asia and global … Asia in regional financial cooperation and regulation and draws lessons for Asia. The EU represents the most advanced stage … of regional financial integration and regulation in the world today, and can provide valuable lessons for Asia. Asia …