This paper compares US and Asian views of the international economic architecture including Asia's evolving regional institutions. Lessons from the global financial crisis are used to assess reforms of the financial institutions better to prevent and manage future crises. While G20 leaders have...

This paper surveys financial reforms in the world's two most populous countries where governments dominate bank ownership. This ownership creates tensions between governments' social goals and bank efficiency since bank lending decisions are not based on the creditworthiness of potential...

Despite its importance as an investment destination and major exporting country, china is considerably less integrated into the global financial system than might be expected. The lack of integration stems in part from China's focus on its domestic goals of balancing growth and stability while...

China's state-owned banks historically have funded money losing enterprises to maintain employment and social stability. We survey the banking industry in China, focusing on the largest banks which are being reformed to increase their competitiveness following China's 2001 WTO commitment to open...