Shaping East Asia’s recovery: post-crisis reform of the international financial system

The systemic reforms taking place in Asia and the international financial system are setting Asia’s future course. And their influence will persist far beyond the immediate recovery. The reason is that the ‘rules of the game’ of economic relations are being redesigned. These rules of the game comprise the economic constitution governing economic and financial relations both within and across national borders. The broadly defined institutional structure of the international financial system is one important part of this constitution.