- Oxford University Press, USA
Global Financial Crisis and Asia: Implications and Challenges
Key Metrics
- Masahiro Kawai
- Oxford University Press, USA
- Hardcover
- 9780199660957
- 9.2 X 6.1 X 1.1 inches
- 1.45 pounds
- Business & Economics > Economic Conditions
- English
Book Description
Organized into four parts, it offers an accessible explanation of the causes, consequences, and contagion mechanisms of the crisis. Part 1 provides an overview of the major issues and presents policy recommendations. Part 2 reviews the crisis in the US and its transmission to Europe. Part 3 focuses on the impact on Asia. And Part 4 concludes lessons of the crisis for Asian countries. The volume highlights that Asian economies have already recovered strongly from the global financial crisis, reflecting their aggressive moves to ease monetary and fiscal policy as well as the underlying fundamental strength of their economies. However, the biggest challenge lies ahead. It asserts that, given that it is unlikely that the US and Europe will be engines of global growth, Asian economies should contribute to global economic adjustment by creating their own growth engines.
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