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 …

rebalancing has special significance for Asia. While India, like other Asian economies, suffered only an indirect impact from the …

financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world …

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 …

To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper …

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 …