Argentina (until 2001), Eastern Europe, and Asia. An index of precommitment is derived from an analysis of legislative …

vector auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors …-term interest rates. Nevertheless, the monetary transmission mechanism, though effective, is somewhat weaker in Asia during the …

cointegration approach. The results suggest debt servicing, inflation and private investment to be negatively associated. The study … investment to foreign direct investment, inflation rate to private investment and from private investment to exchange rate but …

The perception that Asia's inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that … may now play a larger role than in the past. This paper presents a quantitative analysis of inflation dynamics in Asia …'s inflation. Our results suggest that over the past two decades the main drivers of inflation in Asia have been monetary and …

gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a … significant pass-through of the global monetary gap to domestic monetary gaps, which in turn affect output growth and inflation …, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary …

Task Force is chaired by the Economics and Research Department and includes representatives from the Central and West Asia … Department, East Asia Department, Pacific Department, Office of Regional Economic Integration, South Asia Department, and … Southeast Asia Department. …