maybe for eswar. you know, i mean, when you have a system where which is liberalized on both the capital side you get a lot of volatility but in china and parts of -- other parts of asia, you had a capital account that was pretty managed and maybe the goods account more liberalized. and you have a fairly sudden or at least rapid relaxation of capital account management. i mean, and therefore a stock adjustment on the capital goods side and will that stock adjustment be a challenge to macro prudential policy or, you know, let's say corporate balance sheet. banks can be very well capitalized but if the corporate sector has an open position vis-a-vis foreign exchange, that may not mean very much. >> 'em no the saying that's the case but i mean, how's the kind of change in capital account policies of china and of other countries impacting financial sector both analysis and policy? do you have any views? >> i think it's important to remember that since the asian financial crisis in 1997 asia's as a whole h

eswar prasad, ken lieberthal, thank you both very much. >> thank you. >> woodruff: now, the first of two looks we're taking at the history of autism. there seem to be more and more instances of it, but in this edition of the newshour bookshelf, science writer steve silberman argues that the rise of autism is not some mysterious by-product of the modern world. but instead a result of our growing understanding of the full range of the disorder. william brangham spoke with him recently in new york. >> brangham: the most recent data shows 1 in every 68 american children is diagnosed with autism. 15 years ago, it was 1 in every 150 children. in his book "neurotribes," steve silberman explores the history behind this dramatic increase. it's been lauded as one of the best scientific books of this past year. it won the 2015 samuel johnson prize for non-fiction, and made the "best-of" lists for over half a dozen newspapers and magazines. silberman says the genesis of the book came more than 15 years ago, after he wrote this story for "wired" magazine about autistic kids in silicon valley. aft

then we have our own eswar prasad. we have to share him with cornell university where he's senior professor of trade policy. but he is much more fundamentally anchored at brookings. and he is a senior fellow in the global economy and development department. and the new century chair in international economics. he's an associate of the nber. and he was at the fund before, chief of the financial studies division and head of the imf china division. i think we couldn't have hoped for a better panel. so -- which one of you wants to start? >> i think it's going to be me. >> all right. >> thank you very much, mr. dervis. good afternoon, and welcome to this seminar. mr. zhu has given you a very nice overview of the book. i would like to pick up on one important message from his remarks, and that is asia's financial sector still has room to grow. and it will evolve to meet the needs of the future generation. that could be for infrastructure financing, as he mentioned, or it could be to mobilize savings for an aging population,

eswar? >> let me recommend this book to you.he fact that you are here suggest you care about asia's finance and it's clearly an interesting and dynamic region and not only is the book a very good book for the policy wonks among you but it is the cliff notes version of the beginning of each chapter so you get the gist of what the book is trying to convey and i think ultimately getting finance right is important for any country but especially in asia given the impact that china in the region as a whole is having on the world and in response to a couple questions that came up, i think the issue also here is that ultimately there isn't much of a choice now that these cheese have started on the road to more open capital accounts, towards more liberalized markets. i think getting caught in the middle of the road where you have some degree of market liberalization but still the expectation the government will intervene when things go back. if you don't have the right institutional supporting framework you end up with a lot of volatilit

we have the "herald's" ron borges and eswar esnn's jackie mcmullen. the celtics and sixers will play their game tomorrow night instead of tonight because of the weather. reporting live in denver, joe amorosino, 7sports. 7news continues after the break. at wegmans we believe the best way to help you is to provide choices that offer you the best prices , quality and selection. you can save 30% or more. wegmans family pack. as a small business owner, here's one thing you can rely on: your business will change as it grows. whether it's new space, more employees, or better equipment, things have a way of moving fast. but if your network can't keep up, it can really slow you down. and that's not good for thankfully, a switch to the 100% fiber optic network of verizon fios is all it takes to keep everything moving in the right direction. with fios you get 99.9% network reliability available, with uploads as fast as downloads. but you also get something more. a network that can move as fast as your business does. right now, upgrade to fios 50 meg or higher in

eswar prasad of cornell, thank you for joining us. jim xina, you are staying. welcome back to bloomberg go. the owner of saks fifth avenue is buying a startup. combined to diversify online shopping options. netflix is getting closer to being the world's global online television service. 130 countries in yesterday. and the new star wars movie is north america's all-time box office champion. dhe force awakens passe avatar. a quick market update for everybody. we are still in the midst of a selloff. but the dow and the s&p 500 as well as the nasdaq all recovering. you can see the s&p 500 down about 26 points. 465 stocks are down and some 35 are up in the s&p 500. macy's is up 5%. constellation brands is up 5%. urban outfitters is up 4%. jonathan: there are winners on the index this morning? erik: there are not very many. yahoo! not getting any love from investors yet again. energy, we have been talking about wti slipping overnight to $32. let's return to our conversation with jim zenni, the ceo of z capital partners. you are subject to valuations the way any inves

eswar? >> let me recommend this book to you. the fact that you are here suggest you care about asia's finance and it's clearly an interesting and dynamic region and not only is the book a very good book for the policy wonks among you but it is the cliff notes version of the beginning of each chapter so you get the gist of what the book is trying to convey and i think ultimately getting finance right is important for any country but especially in asia given the impact that china in the region as a whole is having on the world and in response to a couple questions that came up, i think the issue also here is that ultimately there isn't much of a choice now that these cheese have started on the road to more open capital accounts, towards more liberalized markets. i think getting caught in the middle of the road where you have some degree of market liberalization but still the expectation the government will intervene when things go back. if you don't have the right institutional supporting framework you end up with a lot of volatil

afterwards introduce the panel and further remarks from two colleagues from the fund from our own eswar prasad and then have the panel discussion to then having some questions from the floor. deputy min zhu, please, and thank you again. [ applause ] >> oh -- thank you, kemal dervis, for your kind words of introduction. and also for your warm hospitality to hold this event. i think it's wonderful for us to come to this place to -- to bring this book to, to the audience and also it's a great honor for me to be here to speak to very distinguished an audience as well and, thank you, kemal, and i just realized one thing when i walk in. i felt that brookings have a very good budget, resources. so brookings probably will provide everybody a free copy of the book. so -- because i understand, and always very tight budget restraint, but i realize there's a bookshelf there. so -- everyone -- hopefully, after this session will go to the bookshelf, line up. i hope, and i think, i might not can afford to give everybody a book, although probably we can afford to give everybody who purchases a book a c