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 …

policy choices do not matter for per capita economic growth. However, they do matter for output volatility and the medium …-term level of inflation. Greater monetary independence is associated with lower output volatility while greater exchange rate … stability implies greater output volatility, which can be mitigated if a country holds international reserves (IR) at a higher …

misalignment could have a negative impact on export performance in developing Asia. With its implications on economic activity …

Developing Asia has benefited greatly from the rise of the People’s Republic of China (PRC), primarily through the … Southeast Asia. An out-of-sample analysis to tease out the effect of slower growth in the PRC from the recent growth performance …

developing Asia. More specifically, we examine the root causes of the large and persistent current account surpluses that have … of welfare and economic growth. Based on our analysis, we recommend a number of concrete policy directions to help Asia …

Asia has run since the 1997-1998 Asian crisis. A country's current account surplus is, by definition, equal to its net …

commonality through return and volatility. Cross-market liquidity commonality in Asia increased significantly during and after the … not be fully captured by this single factor. Other factors, e.g., aggregate return and volatility, may also contribute to … regional factors affect liquidity commonality through shocks in liquidity and volatility, while global factors affect liquidity …

of China (PRC), the renminbi (listed as CNH), directly affect the volatility of share prices of PRC banks and the overall …. Thus, CNH market volatility is a leading indicator of onshore PRC banking sector volatility. The results suggest that … generate greater volatility in the PRC’s banking sector. Far from being a shock absorber for the financial system of the PRC …