This paper revisits the issue of the evolution and choice of exchange rate regimes in Asia. The paper first compiles … discussion on the appropriate exchange rate regimes for Asia in the future. …

Global capital flows into emerging markets, including those in Asia, continue to be volatile. These capital flows … flows. Data show that the main impact of capital flows on economies of East Asia is reflected in real effective exchange … showing the strong linkages between the United States bond markets and those in Asia. These findings enhance the role of …

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 …

This paper assesses the role of consumption and saving in Asia's growth. It examines the composition of national saving …

temperature significantly affects overall economic productivity. We find the overall economic productivity of developing Asia to …

several important policy issues that might have regional implications for Asia. …