Sovereign wealth funds (SWFs) are emerging as developing Asia's main policy tool for handling the region's excess …-risk, high-return investments, and are subject to a wide range of downside risks. The underlying nature of Asia's reserves, which … implication is that the transformation of Asia into a major exporter of capital raises the possibility that capital outflows can …

The global economic crisis in 2008-2009 had varying impacts on economies in Asia and the Pacific. This paper studies …

is a growing consensus that Asia's reserves now substantially exceed the levels required for precautionary purposes or … reserves in developing Asia have in fact reached excessive levels. Informal tests of reserve adequacy based on widely used … confirm the popular belief that developing Asia now has excessive foreign exchange reserves. Therefore, the short-run policy …

Remittances to Asia plunged during the 1997 Asian financial crisis, but the drop was temporary as the flows were … will also last for a short time or developing Asia should prepare for a long period of remittance stagnation. This study …