This paper surveys recent literature on the design of international institutions and applies the insights from it to the prospects for regional economic cooperation in the Asia-Pacific. The political and economic heterogeneity of the region has served the process of regional economic...

Sovereign wealth funds (SWFs) are emerging as developing Asia's main policy tool for handling the region's excess foreign exchange reserves. SWFs represent a strategic shift of excess reserves from low-risk, low-return investments to high-risk, high-return investments, and are subject to a wide...

Developing Asian countries have accumulated foreign exchange reserves on an unprecedented scale in recent years. There is a growing consensus that Asia's reserves now substantially exceed the levels required for precautionary purposes or for self-protection against currency crisis. The central...

The Quarterly Economic Update (QEU) provides a comprehensive and updated analysis of the recent economic performance of Sri Lanka. The QEU for October/November 2012 observes economic slowdown due to tight monetary policy restricted domestic credit expansion and weak external demand. The QEU also...