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Books > Business & Economics > Economics > Macroeconomics
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The Global Financial Crisis and Asia - Implications and Challenges (Hardcover, New)
Loot Price: R3,212
Discovery Miles 32 120
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The Global Financial Crisis and Asia - Implications and Challenges (Hardcover, New)
Expected to ship within 12 - 19 working days
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This book aims to identify and analyze the impact of the 2007-09
global financial crisis on Asian economies and to assess the
short-term and longer-term policy responses to the crisis in terms
of their effectiveness and sustainability. It draws lessons on how
best to avoid and/or mitigate future crises and to identify
structural policy recommendations that can help guide Asian
policymakers to expand the growth potential of domestic and
regional demand in coming years, and thereby create a basis for
sustainable and inclusive long-term growth. 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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