The Evolving Multilayered Global Financial Safety Net: The Case of the Association of Southeast Asian Nations+3 Regional Financial Safety Net and the International Monetary Fund
The Association of Southeast Asian Nations (ASEAN)+3 regional financial safety net (RFSN) is unlikely to prevent and manage crises. It needs more structured cooperation with the International Monetary Fund (IMF).
New Global Economic Architecture: The Asian Perspective
This book addresses how a regional architecture in Asia can induce a supply of regional public goods that can complement and strengthen the distribution of global public goods in the global economic architecture.
Trade Intensity and Business Cycle Synchronization: The Case of East Asia
Intra-industry trade among East Asian countries, rather than inter-industry trade, is the major factor explaining business cycle co-movements in the region.
Economic Integration in East Asia: Trends, Prospects, and a Possible Roadmap
This paper reviews trends and highlights the prospects for enhancing economic integration in East Asia. It also outlines a "multi-track, multi-speed" road map for regional integration.
Monetary and Financial Cooperation in East Asia: The Chiang Mai Initiative and Beyond
The evolving postcrisis efforts to promote a new regional financial architecture in East Asia are reviewed and activities of various groups (ASEAN, ASEAN+3, ASEM), which are under way to strengthen the process are identified.
East Asian Financial Crisis - An Agenda for Economic Recovery
This briefing note addresses that the economic recovery in the affected countries depends very much on their external environments.
Surges and Volatility of Private Capital Flows to Asian Developing Countries: Implications for Multilateral Development Banks
This paper outlines an expanded and more challenging role for multilateral development banks in the provision of longer term development finance.
The East Asian Financial Crisis - Implications for Exchange Rate Management
This briefing note addresses the optimal exchange rate regime relevant not only for the affected countries of East Asia, but also for those that are vulnerable to the forces of globalization.
Controls on Short-Term Capital Inflows - The Latin American Experience and Lessons for DMCs
This briefing note attempts to identify the differences between short-term capital and long-term capital. It reviews the experiences of the Latin American countries, namely, Chile and Colombia, which have imposed controls on capital in the form of unremunerated deposits.
Reforms in the Transitional Economies of Asia
This paper develops recommendations on policies and operational steps for future economic reforms in transitional economies of the People's Republic of China, Lao People's Democratic Republic, Mongolia, Myanmar, and Viet Nam.