The ASEAN+3 finance ministers’ group has developed its economic review and policy dialogue (ERPD) process as part of regional financial cooperation efforts. Recently the group has decided to integrate the ERPD process with the regional liquidity support facility, called the Chiang Mai...

The surge in free trade agreements (FTAs) in East Asia since the Asian financial crisis has prompted a lively debate on the characteristics, impact, and future path of FTAs in the region. To inform the ongoing debate, this paper maps the salient characteristics of East Asian FTAs using a new FTA...

Continuing Asia’s extraordinary transformation will require increasing attention on regional connectivity and logistic systems. The article focuses on the role of cross-border infrastructure in the process of regional integration in developing Asia. Given that most cross-border infrastructure...

How to manage capital inflows remains an important policy issue for many emerging market economies. This paper presents a brief survey of the literature on managing capital inflows, with a focus on developing and emerging market economies. The paper, after discussing the economic characteristics...