Definitions

Executive Summary

I. Ensuring Stable Growth: Risks and Challenges

A. Signs of Stabilization during Global Uncertainty

B. A Turnaround in 2012 and a Stronger 2013

C. What Are the Main Risks to the Outlook?

D. The Policy Challenge: How Much Insurance
     Is Still Needed?

E. Laying the Foundations for Sustainable Growth

II. The Evolution of Asian Financial Linkages: Key Determinants
     and the Role of Policy

A. How Sensitive Are Asian Financial Markets to Market
     Movements in Systemic Economies?

B. Can Macroeconomic Policies Reduce Financial
     Sensitivities in Asia?

III. The Likely Effect on Asia of a Sharp
      Deleveraging by European Banks

A. The Role of European Banks in Asia

B. What Happened during the Lehman Crisis?

C. What Are the Implications of a Future Shock?

IV. Is China Rebalancing? Implications for Asia

A. Is China Rebalancing?

B. What Are the Implications for Asia?

C. Conclusion

V. Asian Low-Income and Pacific Island Countries:
    Opportunities and Risks from Increased
    Regional Integration

A. Regional LICs Receive More Investment from
     within Asia

B. Pacific Island Countries: Links to Regional
    Economies Already Matter More

References