Financial Systems at the Crossroads: Lessons for China is written by leading financial experts to study the causes of financial disasters internationally. The research team is drawn from the global research networks of three leading universities: the Antai College of Economics and Management at Shanghai Jiao Tong University, the School of Economics at Fudan University, and the Earth Institute at Columbia University. This review volume identifies the regulatory framework to guide the emergence of efficient financial institutions that are prudent; and to specify the required institutional mechanisms to prevent and resolve systemic collapse. It examines the specific circumstances of China to come up with a comprehensive agenda to reform China's financial sector. It provides in-depth analysis of China's financial industry to show its future evolution and offers lessons for developing a financial system that is efficient, innovative and resilient.
Wing Thye Woo
is Professor in the Economics Department at University of California at Davis, Distinguished Professor in the School of Economics at Fudan University in Shanghai, Cheung Kong Professor in the School of Finance at Central University of Finance and Economics in Beijing, Executive Director of the Penang Institute in George Town, and Director of the East Asia Program in the Earth Institute of Columbia University in New York City. His current research focuses on macroeconomic and exchange rate management, financial market reform, urbanization pattern, sustainable development, and the growth of the East Asia economies, especially, China, Indonesia and Malaysia. Wing Woo co-founded the Asian Economic Panel (AEP) in 2001. AEP meets triannually to discuss Asian economic problems and publishes the triannual Asian Economic Papers (MIT Press). Yingli Pan
is the Director of Modern Finance Research Center, and Professor of Finance at Shanghai Jiao Tong University. She is also the Executive Director of China World Economic Society, Vice President of Shanghai World Economic Society, Deputy Director of the Research Council for Shanghai International Financial Center, and Chief Economist of Shanghai Strategic Development Research Institute. Yingli Pan specialises in macroeconomics and financial markets and her most recent research in on international monetary system reform and RMB internationalization. She won the State Council Award in 1996 for pioneering contributions to the development of the social sciences in China.
Jeffrey David Sachs
is the Director of The Earth Institute, Quetelet Professor of Sustainable Development, Professor of Economics, and Professor of Health Policy and Management at Columbia University. He is also Special Advisor to United Nations Secretary-General Ban Ki-moon. For more than 20 years, Jeffrey Sachs has been in the forefront of the challenges of economic development, poverty alleviation, and enlightened globalization, promoting policies to help all parts of the world to benefit from expanding economic opportunities and wellbeing. He is widely considered to be the leading international economic advisor of his generation. The New York Times called him the most important economist in the world and Time magazine described him as the world's best-known economist . He is presently engaged in the establishment of the worldwide UN Sustainable Development Solutions Network.
Junhui Qian
is the Assistant Director of the Modern Finance Research Center, and Associate Professor of Economics at Shanghai Jiao Tong University. He received BE in Electrical Engineering from Harbin Engineering University in 1999, and PhD in Economics from Rice University in 2007. His research areas include econometric theory, international finance and Chinese monetary policy.
