The Global Financial Crisis and Asia: Implications and Challenges

pt. I Overview 1.Introduction and Overview / Yung Chul Park pt. II Crisis in the US and Transmission to Europe 2.America's Financial Crisis: The End Of an Era / Aaron Flaaen 3.The Eurozone in the Global Financial Crisis / Charles Wyplosz pt. III Impacts of the Global Financial Crisis on Asia 4.Recessions and Recoveries in Asia: What Can the Past Teach Us about the Present / Jacques Miniane 5.Intra-Regional Trade in East Asia: The Decoupling Fallacy, Crisis, and Policy Challenges / Archanun Kohpaiboon 6.Decoupling of East Asia: Myth or Reality? / Yung Chul Park 7.The Global Financial Crisis: Impact on the Chinese Economy, Policy Responses, and Rebalancing Approach / Yongding Yu 8.The Global Economic Crisis: Impact on India and Policy Responses / Pankaj Vashisht 9.The Republic of Korea's Economy in the Swirl of Global Crisis / Dongchul Cho 10.Thailand's Growth Rebalancing / Chalongphob Sussangkarn Contents note continued: 11.Malaysia and the Global Crisis: Impact, Response, and Rebalancing Strategies / Shankaran Nambiar pt. IV Lessons and Emerging Issues in Asia 12.Lessons of the Crisis for Emerging Markets / Barry Eichengreen 13.Growth Patterns in Asian Emerging Markets: Implication for Global Rebalancing / Eswar S. Prasad 14.International Reserves and Swap Lines in Times of Financial Distress / Joshua Aizenman.