Financial Stability, Economic Growth, and the Role of Law

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.

Douglas Arner is an Associate Professor at the Faculty of Law of the University of Hong Kong, specializing in financial law, regulation, and development. He is Director of the Asian Institute of International Financial Law (AIIFL) and director of the LLM (Corporate and Financial Law) Programme at HKU. In addition, he is the Co-Director of the HKU-Duke University Asia-America Institute in Transnational Law. Prior to his appointment at HKU, Dr. Arner was the Sir John Lubbock Support Fund Fellow at the Centre for Commercial Law Studies (CCLS) at Queen Mary, University of London, and Director of Research of the London Institute of International Banking, Finance, and Development Law (a think-tank consultancy). Dr Arner has served as a consultant with, among others, the World Bank, Asian Development Bank, APEC, European Bank for Reconstruction and Development, and Development Bank of Southern Africa. He has lectured, co-organised conferences and seminars, and been involved with financial sector reform projects in over 20 economies in Africa, Asia, Europe, and North America. He is co-author or co-editor of five books, and author or co-author of more than forty studies, articles, and chapters on financial law, regulation and development. His current research focuses on financial development and regional financial integration. Dr Arner holds a BA in literature, economics, and political science from Drury University, a JD (cum laude) from Southern Methodist University, an LLM (with distinction) in banking and finance law from the University of London (Queen Mary College), and a PhD from the University of London.