used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global … crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia …

vector auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors …-term interest rates. Nevertheless, the monetary transmission mechanism, though effective, is somewhat weaker in Asia during the …

The perception that Asia's inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that … there is little scope for a policy reaction to a build-up of inflationary pressures. However, Asia's fast growth and … may now play a larger role than in the past. This paper presents a quantitative analysis of inflation dynamics in Asia …