Kawai, Masahiro; Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2012
A key lesson of the 2007–2009 global financial crisis (GFC) was the importance of containing systemic financial … play a key role in monitoring and regulating financial stability. Emerging economies face additional challenges because of … lessons for central banks, especially those in Asia’s emerging economies. Major topics discussed include the debate about …