Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …. -- Reserves ; swaps ; dollar standard ; Asia ; trade and financial linkages …

Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …. -- Reserves ; swaps ; dollar standard ; Asia ; trade and financial linkages …

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 …