chapter  4
39 Pages

Financial systems and practice: central banking, regulation and risk management

One aspect of fi nance which the global crisis did not change is that it remains central to growth and development, despite the welfare costs associated with sporadic fi nancial shocks. Financial development is a continuing objective throughout Asia, indeed a post-crisis consensus to support more balanced and sustainable global growth, further domestic and regional fi nancial development in Asia is more vital than ever.