A financial crisis and arguably the worst global recession of the post-war era have challenged policymakers in the U.S. and abroad. In many nations, monetary and fiscal authorities undertook extraordinary actions to mitigate the damage, and for most of the hardest hit countries, the recession trough has passed and a moderate recovery is underway.
Anselmo Teng: Macao’s financial sector development Address by Mr Anselmo Teng, Chairman of the Monetary Authority of Macao, at the 2010 Monetary Authority of Macao (Autoridade Monetária de Macau – AMCM) Spring Cocktail, Macao SAR, 18 March 2010.