An international currency is one that is used and held beyond the borders of the issuing
country, not merely for transactions with that country's residents, but also, and importantly, for …

Since the Asian Financial Crisis of 1997–98, East Asian economies have sought to make
themselves less vulnerable to global financial markets by transforming the regional financial …

In recent years efforts have been made to deepen financial links between emerging markets
within individual regions. Such regional financial integration lags the integration of emerging …

This paper explains why domestic debt composition in emerging economies is risky. It
carries out an analysis of the determinants of'domestic'original sin, which refers to the …

Abstract Foreign Direct Investment is the most dynamic component for boosting trade among
different sub-regional blocs. It may be considered under Mode 3 of the General Agreement …

This paper examines how the international financial crisis impacted Asia and the Pacific and
discusses the implications of the crisis for central banks in the region. The paper consists of …

This study analyzes the key issues and constraints--in terms of efficiency, access and safety
and soundness--faced by East Asian countries in developing their financial markets which …

The paper makes an assessment of the progress made in developing local debt markets in
emerging Asia. Market development has been limited by hurdles confronting borrowers and …

El acceso al financiamiento es un aspecto fundamental del proceso de desarrollo en las
economías emergentes. En este innovador análisis del sector financiero en América Latina …

East Asian financial regionalism has advanced significantly since the rejection of Japan's
Asian Monetary Fund proposal in 1997. Key ASEAN+ 3 initiatives include the Chiang Mai …