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Chapter
Regional and Multilateral Efforts: Institution-Building
Develo** countries are vulnerable to external economic volatilities. To accelerate economic growth, most develo** countries have opened their economies to the world. Trade contributes to fostering domestic...
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Article
The Impact of Capital Inflows on Asset Prices in Emerging Asian Economies: Is Too Much Money Chasing Too Little Good?
In recent years, emerging Asian economies have experienced (i) large capital inflows, especially a surge in portfolio inflows, and (ii) an appreciation of asset prices such as stocks, land, and nominal and rea...
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Chapter and Conference Paper
Regional Financial Architecture Beyond the Global Financial Crisis
This chapter examines recent developments in and future prospects for regional financial and monetary cooperation and integration in East Asia and suggests some issues that could contribute to more constructiv...