This study describes the development of regional financial arrangements in Asia and Europe, assesses their effects on … financial stability, and draws lessons for Asia from European experience. One of its main conclusions is that Asia needs to …

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 …

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

new regional institutions that Asia needs to establish to contribute to this evolving global economic architecture. …

The COVID-19 pandemic is imposing economic and broader development challenges as never before. Policy lessons from Asia … inequality and environmental challenges increased the region's vulnerabilities. The post-pandemic recovery in Asia and the …