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Examines the evolution of the financial systems of Japan and China from 1980 to the present, including structure, regulation, and functioning of these markets in domestic, regional and international contexts. National context includes an in depth review of the structure and operation of the financial markets of Japan and China, including: the key participants, the governmental and regulatory institutions that supervise them, various financial crises in each country with a focus on causes and solutions, reforms over time with a particular focus on liberalization of the financial system and related issues such as corporate governance and legal and accounting issues, the fiscal/monetary processes and policies in each country that affect the financial system, and the historical, political and social factors that affect institutions and policy. Regional context includes the Asian Financial Crisis, the structural causes, the roles of Japan and China, the IMF response and the various proposals to create regional solutions to future crises; roles of regional financial institutions (ADB, AIIB); China’s Belt and Road Initiative and the degree/desirability of financial integration in Asia. The international perspective focuses on the geopolitical/geo-economic implications of the structure and regulation of financial markets. Current events/topics in finance relevant to the course are covered and students are encouraged to propose such topics for discussion. Taught by a SAIS alumnus with 30 years of investment banking and private equity experience in Asia and the US. Students wishing to take the class but lacking the prerequisites should email Professor Talarico at gtalari1@jhu.edu for permission to enroll. <a href="http://bit.ly/1bebp5s" target="_blank">Click here to see evaluations, syllabi, and faculty bios</a>