The current global economic slowdown is unprecedented in scale and has severe implications on policy formulation among emerging market economies. A prolonged period of sub-par growth driven by the substantial weakening of the financial sectors will have multiple effects on these economies. In...

At the Emerging Markets Forum in October 2010, initial results were presented from an exercise that attempted to measure the resilience of emerging market and developing countries (EMDCs) to deal with shocks to their economies. This paper updates, improves upon, and draws conclusions from that...

The objective of this paper is to carry out a counterfactual analysis of the impact of alternative exchange rate regimes on the volatility of the nominal effective exchange rate (NEER) and the bilateral rate against the US dollar for nine East Asian countries after the Asian financial crisis....