"There has been much interest in understanding various dimensions of the growth and integration of emerging Asia with the rest of the world, particularly with regard to international capital flows and external financing. Nonetheless, serious academic work in this area has lagged somewhat...

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...