This paper seeks to outline issues arising from rapid foreign exchange reserve accumulations in Asia. Greater attention is paid to People's Republic of China and India for the significance of the accumulation fed by surges in capital inflows. The paper finds that sterilization interventions by...

"This paper examines the performance of Asian asset management companies (AMCs). The analysis reveals that the AMCs vary in their design and performance. The paper claims that AMCs can trigger moral hazard-induced bank lending. Empirical examination of the Thai experience of AMCs reveals that...

The present paper discusses the poverty measurement techniques being used in and the poverty profile of Bangladesh. Data used in the paper are mainly taken from two national surveys: Household Income and Expenditure Survey (HIES) and Poverty Monitoring Survey (PMS) conducted by Bangladesh Bureau...

This paper considers unit labor costs (ulcs), i.e., the ratio of the wage rate to labor productivity, as the indicator of competitiveness in the Philippines. It is shown that ulcs have an interpretation from the point of view of the functional distribution of income (i.e., the distribution of...