frequent, longer lasting, and more severe in Asia than in the Organisation for Economic Co-operation and Development countries … financial crises or recessions in Asia. In view of the current global crisis and severe financial downturns, Asian economies are …

frequent, longer lasting, and more severe in Asia than in the Organisation for Economic Co-operation and Development countries … financial crises or recessions in Asia. In view of the current global crisis and severe financial downturns, Asian economies are …

We investigate changes in Asia's regional and global trade linkages and their influence on macroeconomic relationships … among Asia, Europe, and United States (US). We first document changes in trade patterns of East Asia, Europe, and US and … discuss stylized facts about East Asia's trade structure. The People's Republic of China (PRC) plays a critical role as an …

educational attainment, especially at the secondary level, has significantly improved emerging Asia's educational achievement … educational expenditures account for higher educational enrollment. But Asia's average years of schooling are forecast to increase … put emerging Asia's educational capital in 2030 at only the 1970 level of the advanced countries, or still 3.5 years …

significantly since the 1997/98 Asian financial crisis. However, emerging Asia's local currency bond markets remain generally …

In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …

This paper examines the unfolding of the US subprime-generated turmoil and its potential spillover on emerging Asia … environment and innovation. Policy priorities to foster regional financial stability include enhancing transparency and governance …

This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an … economies, and consumption and investment dynamics. We find that faster productivity growth in the service sector in Asia …