This brief takes stock of the dominant perspectives on foreign exchange reserve management in Asia especially in view of rapid accumulation of reserves in some crisis-hit economies in Asia and elsewhere

Chapter 1. Introduction -- PART A. Asia Africa Growth Corridor: Concept, Theoretical Perspectives and Practice -- Chapter 2. AAGC and Economic Prosperity in Indo-Pacific -- Chapter 3. Free, Open and Inclusive Indo-Pacific: An Evolving Development and Cooperation Platform for AAGC -- PART B....

Financial crises entail heavy adjustment costs on the global economy in the form of growth deceleration, weak external sector, rising prices and high unemployment. Moreover, the affected economies witness distressed policy reversals which sometimes prove detrimental to the home economy in high...