Over the past decade, East Asia has developed a range of forums and institutions for regional policy cooperation. One idea that has been, and continues to be, discussed is a possible Asian Monetary Fund (AMF). This paper looks at some issues about the design of an AMF. It does not argue the...

In recent years there has been a resurgence of interest in the impact of institutions on economic growth and development. Governance, both at the economy-wide and firm-specific level, has emerged as one of the central aspects of institutional structure and design. The paper argues that the...