The markets struggled to cope with financial crises in Asia and Russia in the late 1990s and with the implosion of Long-Term Capital Management, a hedge fund, in 1998.

ECONOMIST: Financial markets

All that intervention hasn't spared the world periodic financial crises: Brazil now, Asia in 1997, Mexico in 1995 and others too numerous to mention.

FORBES: Liquidate the IMF

We need Asia's full engagement in the crises of our day on global governance and financial stability, on the great transitions under way in North Africa and the Middle East, on the whole range of challenges that affect us all.

UN: Secretary-General