Financial crises cast a long shadow on investment. For nine major Asian economies, average investment as a share of GDP declined sharply…
East Asian Development offers a comprehensive view of the region, from Japan and the “Asian Tigers” (Hong Kong, Singapore, Taiwan, South…
Conventional wisdom suggests that after a spectacular economic performance during the 1970s and 1980s, Japan has endured two “lost decades…
Book abstract: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic…
The possibility that the renminbi may soon join the ranks of international currencies has
generated much excitement. This paper looks to…
The purpose of this essay has not been to provide China with a detailed list of all of the things that the country must do to maintain a…
China watchers are waiting to see whether the country has engineered a soft landing, cooling down an overheating economy and achieving a…
Indonesia's financial sector has two paradoxes: (i) Indonesia has been a global leader in microfinance for the past 25 years, but access to…
All of a sudden, the renminbi is being touted as the next big international currency. Just in the last year or two, the Chinese currency…
Just in the last year or two, the Chinese currency has begun to internationalize along a number of dimensions. A RMB bond market has grown…