This paper analyzes detailed differences in patterns of financial development across the major Asian economies, including three of the region's largest economies (China, Japan and South Korea), to understand how these differences might affect possibilities for greater regional financial...

A common view holds that the trend toward Asian financial regionalism is a relatively new phenomenon that became significant after the Asian financial crisis of 1997/98. This paper challenges this view by exploring and analyzing financial regionalist projects in Asia throughout the 1990s. As...

The paper aims to examine economic interdependence and balancing power politics, and their mixed implications for regional institution building in East Asia based on the concept of common security. By pointing out the gap between the violent conflict prediction and the stability and prosperity...

This presentation discusses the IIRSA Initiative, institutional mechanism for the coordination of intergovernmental actions performed by the twelve South American countries. It covers some descriptive issues and an analysis section. The description features the components of the mechanism:...

In recent years, the People's Republic of China (PRC) has emerged as the largest recipient of foreign direct investment (FDI) in the world. Many analysts and government officials in the developing world have increasingly expressed concerns that they are losing competitiveness to PRC. Is PRC...

In recent years, the People's Republic of China (PRC) has emerged as the largest recipient of foreign direct investment (FDI) in the world. Many analysts and government officials in the developing world have increasingly expressed concerns that they are losing competitiveness to PRC. Is PRC...

This paper tries to untangle the causes behind the recent real exchange rate overshooting events with particular attention paid to the Sudden Stop of capital flows, and also to the comparison across the two emerging markets, Asian and Latin America. We examine whether the sudden stop of capital...

The main contribution of the paper is to provide a framework within which the impacts of China's economic expansion on poverty in other developing countries can be analysed. It then applies this framework to twelve countries, six in Asia and six in Latin America, which between them account for...