capital flows. The analysis in this monograph expands on the implications of such a trend for emerging Asia, where financial … makers around the world have to face a new environment. The resulting capital flows in emerging market economies were huge … and volatile. These flows have been intermediated through the banking sector (Phase One), and through the capital market …

The 2013 Development Effectiveness Review (DEfR) is the seventh annual performance review of the Asian Development Bank … (ADB) and the first to apply the revised corporate results framework. The DEfR uses the 89 performance indicators of the …’s strengths and identifies areas where performance needs to be improved. The findings of the 2013 DEfR will inform actions to …