This paper examines the early warning system of currency crisis in the context of Global Financial Crisis 2008. The monthly data has been taken for the period 2005-2009 for leading indicators related to external exposure (short-term debt/reserves and growth of foreign exchange reserves),...

This paper reviews the East Asian experience with financial integration, how economies in the region have responded to shocks, and what they may do to continue to thrive in the future. It discusses openness to capital flows as a key aspect of financial integration, briefly considering the...