The 14 Pacific developing member countries (DMCs) of the Asian Development Bank (ADB) have opted for very different exchange rate regimes with varying degrees of flexibility. Whereas several microstates have adopted an external currency as their legal tender, others have decided to use a basket...

This paper discusses an approach to "open regionalism" based on regional production networks and component specialization. Component specialization, or intra-product trade, has been shown to be welfare-enhancing. It creates jobs and raises output by improving competitiveness. It is one of the...

The 1997 Asian financial crisis has revealed the limitations of the current state of monetary and financial monitoring system in most Asian countries in comprehensively addressing financial and monetary problems and issues. This paper attempts to propose a macro-prudential indicators (MPI)...

1. Human capital formation and growth : microeconomic dimensions / Wendy Dobson and Muhammad Umar Boodoo -- 2. The skills of "tigers" / Emmanuel Jimenez and Elizabeth M. King -- 3. Investment in human capital accumulation and growth : analyzing policy effectiveness / Been-Lon Chen -- 4. Human...