China's old recipe book for economic success, based on market distorting policies, is hindering the process toward a market-driven economy and the chance of being granted Market Economy Status (MES). The consequences of policy passivity may derail China into the middle income trap and pose...

Some economies in East Asia have built up large amounts of foreign exchange reserves in the past decades. Holding large amounts of reserves helped these economies to stabilize their macro economy and exchange rates under periods of market stress and rapid shifts in relative economic size....

Spillovers from the Fed's Unconventional Monetary Policies (UMPs) have disabled EM central banks to manage rate policies to stem off valuation effects on their currency's exchange rates and equities. The failures of the standard policies have prompted in the economics debate the need of crafting...

The gyrations of capital flows during and after the recent financial crisis have declined somewhat, as shown by the weakening of uphill flows of capital to US Treasury bonds. Financial flows to emerging economies have stabilised, and reserve managers in central banks are taking a few credit...

The outbreak of the COVID-19 pandemic is opening a period of policy uncertainties upon all us. The upcoming massive recession presents critical economic and financial variables, a steep rise of jobless claims, fixed-asset investment falling by 45% year on year, capital outflows from emerging...