Recent financial crises have highlighted the need to update the global institutions for financial and economic oversight that were founded more than 70 years ago, and their Asian counterparts that have been developing over the last 20 years.

The evolution of financial markets and monetary policy makes it increasingly obvious that the coordination between organizations as well as the organizations themselves need to be better suited to modern reality. Peter Morgan, co-chair of research at the Asian Development Bank Institute, is one of the editors of a recent ADBI book, Global Shocks and the New Global and Regional Financial Architecture, Asian Perspectives, and an author of two of its chapters. The book investigates the issues and suggests possible remedies.

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Read the book

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 authors

Peter Morgan is co-chair of research at the Asian Development Bank Institute.

Pradumna B. Rana is associate professor at the Centre for Multilateralism Studies, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore.

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