and public finance crises which became increasingly focussed on the eurozone in 2010–2012. Asia did not experience … there are constraints on Asia being a more assertive force. Problems in the eurozone hold lessons for Asia; the euro and the … Schengenzone are positive responses to the emergence of increasingly complex supply chains. In a similar context, East Asia is …

the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … and that foreign holdings of debt securities have been increasing in advanced as well as developing Asia but for different …

securities, with emphasis on Japan and developing Asia. We find that foreign residents generally increased their holdings of …