Remittances to Asia plunged during the 1997 Asian financial crisis, but the drop was temporary as the flows were increasing once again after just 1 year. The current crisis, however, is fundamentally different in that even the countries that send remittances have been adversely affected. The...

This paper examines patterns and determinants of exports in nine East and Southeast Asian economies, with an emphasis on the increasing important role of parts and components in total exports. To see whether exports in parts and components are "special" and to allow comparisons, export equations...

"This paper surveys the growing literature on monetary cooperation in East Asia that goes beyond the Chiang Mai Initiative. It compares and contrasts the various proposals for cooperation such as the Williamson basket peg, the Asian monetary system, and the yen block as to their crisis...