In einer Mischung aus Faszination und Beunruhigung blickt die Welt auf den asiatischen Kontinent. Der dynamische Aufstieg Asiens, für den China aufgrund seiner besonders erfolgreichen Wirtschaftsentwicklung als Chiffre steht, verdient Respekt und Anerkennung. Gleichzeitig aber wird dieser...

"The aim of this book is to publish new empirical and theoretical chapters that will help central banks towards development, governance, and policy transformations to safeguard economic and financial stability."

The April 2011 issue of the Regional Economic Outlook: Asia and Pacific focuses on the policy challenges of managing the next phase of growth after Asia's recovery from the global crisis. The analytical chapters discuss how capital flows to the region may affect the monetary policy transmission...

The paper compares trends in financial integration within Asia with those in industrialized countries and other regional groups. Declines in cross-country dispersion in equity returns and interest rates suggest increased Asian integration, with the process interrupted by crises and global...

This paper compares business cycles in Asia and in Latin America using structural vector autoregression analysis with panel data. The evidence for countries in these regions suggests that (i) the main source of output fluctuations is supply shocks, even in the short run; (ii) the real exchange...