Many economic issues that touch the life of millions of people are more complex than most people thought. From the US financial crisis to regional cooperation, from the oil price shock to climate change, policy conflicts are abound. This book argues that understanding the nature and intensity of trade-offs is a key to resolving the conflicts.

The growth of financial markets has clearly outpaced the development of financial market regulations. With growing complexity in the world of finance and the resultant higher frequency of financial crises, all eyes have shifted toward the current inadequacy of financial regulation. This book expertly examines what this episode means for Asia's financial sector and its stability, and what the implications will be for the region's financial regulation. By focusing on legal and institutional frameworks the book also elaborates on various issues and challenges in terms of how financial...