Greater integration and dependence on exports made Asia more vulnerable to external shocks.
Dynamic Effect of a Change in the Exchange Rate System: From a Fixed Regime to a Basket-Peg or a Floating Regime
Using a dynamic stochastic general equilibrium model, this paper analyzes the effects of a shift in the exchange rate system on a small open economy.
This issue is second of the two issues that cover the proceedings of ADB's Forum on Capital Controls held in July 2011. In this issue, it assesses the experiences of selected Asian countries in using de jure capital controls.
This study examines the effectiveness of capital controls in Malaysia and Thailand over the period 2000–2010.