In this paper we report the European experience with a basket currency, the ECU. The ECU was initially introduced as a reference unit and later became the anchor of the European Monetary System. Public policy was complemented by private sector initiatives and use of the ECU for denomination of...

With globalization, market liberalization, and the rapid development of rural infrastructure, new market opportunities for high-value crops and livestock production are expanding in both developed and developing countries. This has translated into increased use of contract farming to establish...

Sudden capital outflows were at the heart of the 1997-98 Asian crisis. Ten years later, capital flows are back on the policy agenda, but in a very different context. The countries of East Asia are now getting more inflows than they can effectively absorb and the upward pressure on exchange rates...

An agricultural growth model is proposed to verify the agricultural convergence hypothesis among some Asian countries following the method of Barro and Sala-i-Martin (1992) and Sala-i-Martin (1996). Conditional convergence of agriculture is facilitated by foreign aid intended for agriculture and...

The importance of private sector participation and public-private partnerships (PPPs) in promoting infrastructure development in the Asian region has been significant. Though there are several studies which have highlighted the role of PPPs in infrastructure in East and South East Asia, few...

The ASEAN+3 finance ministers’ group has developed its economic review and policy dialogue (ERPD) process as part of regional financial cooperation efforts. Recently the group has decided to integrate the ERPD process with the regional liquidity support facility, called the Chiang Mai...

Continuing Asia’s extraordinary transformation will require increasing attention on regional connectivity and logistic systems. The article focuses on the role of cross-border infrastructure in the process of regional integration in developing Asia. Given that most cross-border infrastructure...