The world economy is flying on only one engine

I was in Jakarta this week attending an IMF-Bank Indonesia conference on the Future of Asian Finance, the title of an International Monetary Fund (IMF) book launched last week with essays by IMF experts reviewing the lessons from the past and sketching how Asia can build its future, with a supportive financial system.

This is a very useful book, because it contains massive amount of helpful data and analyses for Asian policymakers to strategise how to respond to the current turbulence.