In these 13 papers, 33 economic/academic policy researchers address contemporary economic issues which relate to the rise of China and Asia in the global economy and the global and financial crises of 1997 and 2008. Papers in Part 1 deal with transmission mechanisms and interaction between countries and the resilience of open macroeconomics. Part 2 addresses renminbi valuation issues. In Part 3, currency internationalisation and financial markets patterns in Asia are examined. Part 4 looks at external demand and fiscal stimulus in Asian countries. With tables, graphics, reading lists and index.