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International Monetary Fund. Communications Department
Finance & Development
Ms. Ratna Sahay, Cheng Hoon Lim, Mr. Chikahisa Sumi, Mr. James P Walsh, and Mr. Jerald A Schiff

Abstract

Asia’s financial systems proved resilient to the shocks from the global financial crisis, and growth since then has been strong. But new challenges have emerged in the region’s economies, including demographics and aging, the need to diversify from bank-dominated systems, urbanization and infrastructure, and the rebalancing of economic activity. This book takes stock of the challenges facing the region today and how economic systems in Asia’s advanced and emerging market economies compare with the rest of the world.