Financial Stability, Economic Growth and the Role of Law
Douglas Arner is HKU’s Kerry Holdings Professor in Law, co-founder and director of the Asian Institute of International Financial Law and convenor of AIIFL’s East Asian International Economic Law and Policy (EAIEL) Programme.
This book is about international and domestic responses to financial crises over the past twenty years. At the same time, it also provides an agenda for financial development to support economic growth while avoiding or reducing the impact of financial crises in individual economies. In so doing, the volume provides the first comprehensive analysis of the role of law and institutions in financial stability and financial development.
The Asian financial crisis began almost ten years ago, as a result of weaknesses in individual economies exposed by incredible changes in the international financial system since the early 1970s.
Over the past ten years, what have we learned and what have we done – internationally, regionally and domestically – to improve the financial architecture to support financial stability and economic growth?
Written by Douglas Arner, Director of the University of Hong Kong’s Asian Institute of International Financial Law and published by Cambridge University Press, this volume explores these questions, focusing on the role of law, and provides a timely and comprehensive critique of what has been achieved and the weaknesses which remain, especially in the architecture of the international financial system.
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