Acknowledgements Contributors 1 Introduction 2 Financial Reform after the Crisis 1. Introduction 2. The Dynamics of Financial Reform 3. Challenges and Outlook 3 Did WTO Rules Restrain Protectionism During the Recent Systemic Crisis? 1. Introduction 2. Twenty-first Century Protectionism in an Era of Systemic Crisis: Some Preliminary Considerations 3. The Resort to Discrimination Against Foreign Commercial Interests Since the First Crisis-era G20 Summit in November 2008 4. An Assessment of the Impact of WTO Rules During the Recent Systemic Crisis 5. Concluding Remarks 4 The International Monetary System after the Financial Crisis 1. The Global Reserve System 2. The Emergency Provision of Liquidity 3. Regulating Capital Flows 4. The Role of the IMF 5. Conclusion 5 The Group of 20: Trials of Global Governance in Times of Crisis 1. Benefits from International Coordination: Reviewing the Arguments 2. A Narrative of the G20 in Times of Crisis 3. Scoreboards of Success 4. Taking Stock and Looking Forward 6 Emerging Markets in the Aftermath of the Global Financial Crisis 1. Introduction 2. Rising Prominence of EMEs 3. The Distribution of World Growth 4. What Explains the Resilience of Emerging Markets? 5. Global Public Debt and Implications for the Growth Gap 6. Risks 7. Concluding Remarks 7 Challenges for the Asian Economy 1. Background: Asia’s Recovery from the Global Financial Crisis 2. Transition from Export to Domestic Demand 3. Inflation as a Lingering Concern 4. Risk of the Middle Income Trap 5. Rise of China and the Future of Regional Cooperation 8 Challenges for the Advanced Economies 1. Introduction 2. Projected Paths of Government Debt 3. The Burden of Debt and Fiscal Limits 4. Paths to Safety 5. Conclusion