When: Tuesday, January 12, 2016, 2:00 – 3:30 pm
Where: The Brookings Institution, Falk Auditorium, 1775 Massachusetts Ave, NW, Washington, DC
Asia’s financial systems proved resilient to the shocks of the global financial crisis. However, the region’s emerging and advanced economies now face new challenges—including changing demographics and aging, a lack of diversification from bank-dominated systems, a need for infrastructure financing in the context of rapid urbanization, the rebalancing of economic activity, as well as the era of new technologies.
On January 12, the Global Economy and Development program at Brookings will host a discussion on the new book “The Future of Asian Finance” (IMF, 2015), which explores the current state and future prospects of Asian economies in light of these challenges. It takes stock of how systems in Asia’s economies compare to the rest of the world and how reforms to develop equity and bond markets have progressed. It anticipates how Asian financial systems will evolve in complexity and interconnectedness—and what these changes mean for the regional financial centers of Hong Kong and Singapore. Finally, it looks at how the region’s demographic dividend can be harnessed to finance infrastructure, the state of economic and financial integration in ASEAN, the role of capital flows, and how changes to global regulatory regimes will affect Asian financial systems.
IMF Deputy Managing Director Min Zhu will present the key themes of the book after which there will be a panel discussion moderated by Kemal Derviş. Afterward, questions will be taken from the audience.
This event has reached capacity and registration is now closed.