preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken … this background, the crisis is a wake-up call for further progress on monetary integration in Asia along the lines of the …

In this paper, we examine capital account openness and exchange rate flexibility in 11 Asian economies. Asia has made …

Asia faces very large infrastructure funding demands, estimated at around US$750 billion per year for energy, transport …, telecommunications, water, and sanitation during 2010-2020 (ADB/ADBI 2009). Asia has large savings, significant international reserves … topics: First, what are the lessons for Asia from the European Union's experience of developing and integrating financial …

This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond …

adjustment to the postcrisis challenges. We point out that emerging Asia has converged to a middle ground of the trilemma … smoother adjustment of emerging Asia to the crisis, and was instrumental in inducing the rapid resumption of growth. The swings … challenges facing emerging Asia's adjustment during the global financial crisis, and the postcrisis policy stance dealing with …

currency and foreign currency liquidity in the corporate sector, as foreign banks withdrew investments from Asia. Furthermore …, Asia needs large quantities of capital (US$750 billion per year for 2010-2020) to develop infrastructure connectivity … Asia include the size of an economy, the stage of economic development, the openness of an economy, the size of the banking …

between helping themselves and helping the global economy. Asia is striving for modes of regional cooperation that are, on … integration and openness. The main policy findings are that Asia's future standing in an increasingly multi-centered world economy … international gains will depend on Asia's willingness to make serious advances in regional collective action and global leadership …