Shaping the Asia-Pacific economic order

Politician leaders of the G20 at the 2017 summit in Hamburg, Germany. Photo credit: Kremlin/Wikimedia.

Twenty years after the Asian Financial Crisis, Asian economies are buoyant, working with a smartly reformed IMF to brace for future crises, and rhetoric aside, it will a while before China’s RMB challenges the US dollar as the world’s first reserve currency. But the risk of regional financial efforts in Europe and Asia leading to a fragmentation of  the global financial system still may be only one global crisis away.