"Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...

Asian emerging market economies have recovered relatively well from the Great Recession of 2008-2009. Emerging Asia has been quite successful in maintaining both macroeconomic and financial stability in a turbulent global environment. Policy frameworks and governance structures have been adapted...

The paper by Kamber, Mohanty and Morley (KMM hereafter) is a carefully executed empirical investigation of the determinants of inflation in a broad sample of advanced and emerging market economies.A number of recent multi-country empirical studies of inflation dynamics have used estimated...