, many economies experienced a brief period of extreme flexibility. A `fear of floating' gave reduced flexibility when the … crisis subsided, but flexibility after the crisis was greater than that seen prior to the crisis. Contrary to the idea of a … durable Bretton Woods II arrangement, Asia then went on to slowly raise flexibility and reduce the role for the US Dollar …

The paper lays out a consistent frame work for monetary management in the context of excess capital inflows. There is …

natural resource management. It calls for building on the existing governance instruments that are diverse from regulation to …

Inflation management is one of the hardest tasks an economic policymaker has to undertake. It appears, at first sight …