Economic theory suggests that sound and efficient financial systems - banks, equity markets, and bond markets - which … especially important for sustaining growth in developing Asia because efficiency of investment will overshadow quantity of … financial sector matters for sustaining developing Asia's growth in the postcrisis period. However, the primary role of …

-owned actors. Asia needs investment to improve its infrastructure and carry out technological innovation, but the book argues that …-owned actors. Asia needs investment to improve its infrastructure and carry out technological innovation, but the book argues that …

whether developing Asia should use fiscal expansion to boost aggregate demand. A key factor in the debate is the effectiveness … Asia's output during the global crisis. This lends some support to the notion that countercyclical fiscal policy can help …

Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth …