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The growth of financial markets has clearly outpaced the
development of financial market regulations. With growing
complexity in the world of finance, and the resultant higher
frequency of financial crises, all eyes have shifted toward the
current inadequacy of financial regulation. This book expertly
examines what this episode means for Asia's financial sector and
its stability, and what the implications will be for the region's
financial regulation. By focusing on legal and institutional
frameworks, the book also elaborates on various issues and
challenges in terms of how financial liberalization can maximize
the benefits and minimize the risks of crisis. The book will appeal
to academics, students, and policymakers across a diverse range of
fields including: international finance and trade, economics, Asian
studies, development, and development economics.
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