From Stress to Growth – Strengthening Asia's Financial Systems in a Post–Crisis World

Marc Notes: Includes bibliographical references.; In 'From Stress to Growth' scholars affiliated with the Peterson Institute for International Economics and the Asian Development Bank argue in separate essays that Asian systems must strengthen their quality, diversity, and resilience to future shocks in order to deliver growth in coming years. The book examines such phenomena as the dominance of state-owned banks, the growth of non-bank lending (the so-called shadow banks), and the need to develop local bond markets, new financial centers, and stronger supervisory tools to prevent dangerous real estate asset bubbles.

Contributor Bio:  Noland, Marcus Marcus Noland is a senior fellow at the Peterson Institute for International Economics. His work encompasses a wide range of topics including the political economy of US trade policy and the Asian financial crisis. Noland is the author of Famine in North Korea: Markets, Aid, and Reform (2007), Korea after Kim Jong-il (2004), Avoiding the Apocalypse: The Future of the Two Koreas (2000)--which won the 2000-01 Ohira Memorial Award, Pacific Basin Developing Countries: Prospects for the Future (1990); he is the coauthor of The Arab Economies in a Changing World (2007), a 2007 Choice Outstanding Academic Title, and Industrial Policy in an Era of Globalization: Lessons From Asia (2003).