Edited by Daigee Shaw, Academia Sinica, Taiwan and Bih Jane Liu, Vice President, Chung-Hua Institution for Economic Research, Taiwan

• Contents: PrefacePART I: FINANCIAL SYSTEM AND FINANCIAL CRISIS1. The Global Financial Crisis: Lessons for TaiwanSheng-Cheng Hu2. A Perspective on the US Dollar after the Current Financial Crisis: Lessons from the Fall of the Pound Sterling and the Gold Standard after World War ILee-Rong Wang3. De-Privatization? Case Studies of Government Banks’ Performance in Developing Countries During the Financial CrisisChung-Hua Shen and Chih-Yung LinPART II: IMPACTS, CONSEQUENCES AND POLICY RESPONSES4. Why World Exports are so Susceptible to the Economic Crisis: The Prevailing ‘Export Overshooting’ Phenomenon, with Particular Reference to TaiwanBih Jane Liu5. The Impact of the Global Financial Crisis on the Taiwanese Economy and its Industrial Policy in ResponseJiann-Chyuan Wang and Chia-Hui Lin6. The American Crisis and Korean Financial DistressUn Chan Chung7. Why Was Japan Hit So Hard by the Global Financial Crisis?Masahiro Kawai and Shinji Takagi8. China’s Policy Responses to the Global Financial CrisisYongding Yu PART III: POLICY CONSTRAINTS9. Fiscal Discipline in the Recovery from a Global Financial CrisisChih-Chin Ho, Yu-Shan Hsu and Ching-Shin Mao 10. A Challenge to Sustainable Development: The Dual Crisis of Energy and the EconomyDaigee Shaw and Pi ChenIndex

Edited by Daigee Shaw, Academia Sinica, Taiwan and Bih Jane Liu, Vice President, Chung-Hua Institution for Economic Research, Taiwan

• Contents: PrefacePART I: FINANCIAL SYSTEM AND FINANCIAL CRISIS1. The Global Financial Crisis: Lessons for TaiwanSheng-Cheng Hu2. A Perspective on the US Dollar after the Current Financial Crisis: Lessons from the Fall of the Pound Sterling and the Gold Standard after World War ILee-Rong Wang3. De-Privatization? Case Studies of Government Banks’ Performance in Developing Countries During the Financial CrisisChung-Hua Shen and Chih-Yung LinPART II: IMPACTS, CONSEQUENCES AND POLICY RESPONSES4. Why World Exports are so Susceptible to the Economic Crisis: The Prevailing ‘Export Overshooting’ Phenomenon, with Particular Reference to TaiwanBih Jane Liu5. The Impact of the Global Financial Crisis on the Taiwanese Economy and its Industrial Policy in ResponseJiann-Chyuan Wang and Chia-Hui Lin6. The American Crisis and Korean Financial DistressUn Chan Chung7. Why Was Japan Hit So Hard by the Global Financial Crisis?Masahiro Kawai and Shinji Takagi8. China’s Policy Responses to the Global Financial CrisisYongding Yu PART III: POLICY CONSTRAINTS9. Fiscal Discipline in the Recovery from a Global Financial CrisisChih-Chin Ho, Yu-Shan Hsu and Ching-Shin Mao 10. A Challenge to Sustainable Development: The Dual Crisis of Energy and the EconomyDaigee Shaw and Pi ChenIndex

Edited by Daigee Shaw, Academia Sinica, Taiwan and Bih Jane Liu, Vice President, Chung-Hua Institution for Economic Research, Taiwan

• Contents: PrefacePART I: FINANCIAL SYSTEM AND FINANCIAL CRISIS1. The Global Financial Crisis: Lessons for TaiwanSheng-Cheng Hu2. A Perspective on the US Dollar after the Current Financial Crisis: Lessons from the Fall of the Pound Sterling and the Gold Standard after World War ILee-Rong Wang3. De-Privatization? Case Studies of Government Banks’ Performance in Developing Countries During the Financial CrisisChung-Hua Shen and Chih-Yung LinPART II: IMPACTS, CONSEQUENCES AND POLICY RESPONSES4. Why World Exports are so Susceptible to the Economic Crisis: The Prevailing ‘Export Overshooting’ Phenomenon, with Particular Reference to TaiwanBih Jane Liu5. The Impact of the Global Financial Crisis on the Taiwanese Economy and its Industrial Policy in ResponseJiann-Chyuan Wang and Chia-Hui Lin6. The American Crisis and Korean Financial DistressUn Chan Chung7. Why Was Japan Hit So Hard by the Global Financial Crisis?Masahiro Kawai and Shinji Takagi8. China’s Policy Responses to the Global Financial CrisisYongding Yu PART III: POLICY CONSTRAINTS9. Fiscal Discipline in the Recovery from a Global Financial CrisisChih-Chin Ho, Yu-Shan Hsu and Ching-Shin Mao 10. A Challenge to Sustainable Development: The Dual Crisis of Energy and the EconomyDaigee Shaw and Pi ChenIndex