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 …

We assess the evolution of spillover effects of unconventional monetary policies (UMPs) on Asia and the Pacific region …, and evaluate the impact on and implications for the macroeconomy. We develop a Panel Vector Auto Regression model for Asia … a shadow interest rate estimated by Krippner (2013). We find that Asia and the Pacific region has responded to the …

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

for East Asia's financial cooperation, including: (i) regional economic surveillance led by the Economic Review and Policy …

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 …