Established in the aftermath of the Asian financial crisis, the G-20 has served as a high-level platform for discussing economic analyses and policy responses since 1999. During the current global financial crisis, the G-20's role has moved toward that of global crisis committee. Still, it is unclear how-indeed, if-the G-20 can achieve and maintain a satisfactory degree of coordination among members as they emerge from the current crisis. In this concise volume, eminent international economists examine the changing role of the G-20 and the increased influence of Asian nations in that and relevant multilateral organizations such as the International Monetary Fund. Kemal Dervis investigates whether the G-20 will achieve a satisfactory degree of coordination among systemically important countries and what lessons can be drawn in this regard from the crisis. Masahiro Kawai assesses financial regulatory reforms proposed at recent G-20 summits with an emphasis on their feasibility in key Asian financial systems. Domenico Lombardi analyzes the debate on IMF reform through the lenses of Asian countries. A concluding chapter discusses the potential for greater policy coordination among the United States and Asian giants India, China, and Japan, as well as the likely ramifications of such stepped-up cooperation and the benefits anticipated by each party.