currencies seem to matter for exchange rate determination in Asia beyond the very short term. To this end, we employ country …, and yen separately have on movements of Asian currencies. Contrary to recent evidence based on daily data, we found … than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region …

the applicability of unconventional policies for Asian economies other than Japan. Most studies of the commitment effect … been more successful in relieving market stresses. For Asian countries aside from Japan, unconventional policies look most …

Monetary policy frameworks in the Asia and Pacific region have performed well in the past decade as judged by inflation …

This paper revisits the issue of exchange rate regimes in emerging Asia. It is divided into two main parts. The first … part compares de jure and de facto exchange rate regimes in Asia over the decade 1999-2009. It finds that while Asia is …

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 …

inherent in the current global financial system. Asia was adversely affected by the crisis not only because of its dependence … on trade, but also because of its heavy reliance on the US dollar for regional and international transactions. As Asia …, extending the trade settlement scheme to the rest of Asia and appending a government bond payment and securities settlement …