The availability of bilateral capital flows between countries has given rise to a number of papers attempting to understand trends and determinants of capital flows between country pairs. Almost without exception, the papers find that the gravity model fits the data quite well. Specifically,...

This paper revisits the issue of the evolution and choice of exchange rate regimes in Asia. The paper first compiles and discusses the de jure or official exchange rate regimes in various developing and emerging Asian economies. It then goes on to offer a simple empirical estimation of the...

As part of its trade policy, Singapore has recently embarked on what can broadly be termed "new regionalism". This is characterized by its new-found desire to enter into Free Trade Agreements (FTAs) with the economic powerhouses (Japan and the United States in particular) as well as with a...