The paper investigates the labor market and social impacts of the global financial and economic crisis in Asia and the …

no comparable political and legal integration. Nevertheless, Asia can draw useful lessons from European experiences in …

I analyze the risks in the banking systems in East Asia using the standard supervisory framework, which assesses … tests indicate that the largest banking systems in East Asia have a total of almost US$1.2 trillion in Tier 1 capital and a …

As Asia considers greater harmonization and integration of its financial systems, it would be well-advised to consider … formally as a lender of last resort in a financial crisis. Europe's experiences should not dissuade Asia from seeking … appropriate further harmonization and integration. However, they do argue strongly for Asia to take the kind of careful, step …

Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan ‒ in responding to financial crises. The … difficulties revealed in the crisis, while Northeast Asia (and in fact ASEAN+3) is a model of nonintegration with a limited set of …

With the global economy still in recession, two important questions arise for Asia: how soon will the recession end … Asia in order to shed light on these issues. Several important stylized facts emerge from this study: (i) recessions … norm, suggesting that the current recession could have been even costlier and more drawn out had Asia's banks not entered …