Frontmatter -- Contents -- List of Figures and Tables -- Preface to the Paperback Edition -- Preface -- Part One. Setting the Stage -- Part Two. Building Blocks -- Part Three. Inadequate Institutions -- Part Four. Currency Competition -- Appendix -- Notes -- References -- Acknowledgments -- Index

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country's low levels of financial and institutional development, state-dominated economy, and nondemocratic government. Notwithstanding the inefficient and risky growth model, the...

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....