Asian economies and financial systems are becoming ever more integrated, but their monitoring has not kept pace and better safeguards are needed. This is especially true for cross-border issues.

Peter Morgan, co-chair of research at the Asian Development Bank Institute, says that Europe can provide a valuable guide to developing the necessary institutions in Asia.

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https://www.adb.org/publications/global-shocks-and-new-global-and-regional-financial-architecture-asian-perspectives

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https://bit.ly/2Mv6cjP

About the author and book editors

Peter Morgan is co-chair of research at the Asian Development Bank Institute. He wrote Regional Financial Regulation in Asia, a chapter in Global Shocks and the New Global and Regional Financial Architecture, Asian Perspectives, a new ADBI book, which he edited with ADBI Dean Naoyuki Yoshino and Pradumna B. Rana of the S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore.

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