This book presents the key findings of studies done under the ASEAN Phase III Population Project, “Socio-Economic Consequences of the Ageing of the Population” in Indonesia, Malaysia, the Philippines, Singapore, and Thailand. It begins by outlining the demographic background to the ageing...

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...

"The projected path of the U.S. national debt is the major challenge facing American economic policy. Without changes in tax and spending rules, the national debt will rise from 62 percent of GDP now to more than 100 percent of GDP by the end of the decade and nearly twice that level within 25...