Financial and Monetary Systems

How can emerging economies overcome financial vulnerabilities?

A woman stands on an overhead bridge near the construction site of  "Kaisa Plaza", then named "Changan No. 8" (L), on a hazy day in Beijing's central business district in this July 28, 2012 file picture. Struggling Chinese developer Kaisa Group plunged further into crisis on Monday as several of its bank accounts were frozen and a number of creditors sought immediate repayment of debts. REUTERS/Jason Lee/Files (CHINA - Tags: ENVIRONMENT BUSINESS)

Time for a rebalancing? Image: REUTERS/Jason Lee/Files

A. Michael Spence
William R. Berkley Professor in Economics and Business, NYU Stern School of Business
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Related topics:
Financial and Monetary SystemsBanking and Capital MarketsEconomic ProgressGeo-economics
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