Driven by waves of foreign capital inflows and outflows, Indonesia, the Republic of Korea, and Thailand - among several other emerging markets - have resorted to capital control policy since 2006. Are capital controls effective? Controls on capital inflows have been experiencing a renaissance...

Driven by waves of foreign capital inflows and outflows, Indonesia, the Republic of Korea, and Thailand — among several other emerging markets — have resorted to capital control policy since 2006. Are capital controls effective? Controls on capital inflows have been experiencing a...

Driven by waves of foreign capital inflows and outflows, Indonesia, the Republic of Korea, and Thailand - among several other emerging markets - have resorted to capital control policy since 2006. Are capital controls effective? Controls on capital inflows have been experiencing a renaissance...

This study documents empirical regularities related to structural changes in the exporting pattern and degree of competitiveness in selected Asian countries in the decade following the 1997 Asian crisis. We conceptually illustrate that the degree of competitiveness is determined by...

Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis has been associated with an unprecedented rise of swap agreements between central banks of larger economies and their counterparts in smaller economies. We explore whether such...

Motivated by the unprecedented rise of swap agreements between the central banks of developed economies and their developing economy counterparts, this paper evaluates Asian swap arrangements and their association with the build-up of foreign reserves prior to the 2008–2009 global financial...

This study documents empirical regularities related to structural changes in the exporting pattern and degree of competitiveness in selected Asian countries in the decade following the 1997 Asian crisis. We conceptually illustrate that the degree of competitiveness is determined by...

Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis has been associated with an unprecedented rise of swap agreements between central banks of larger economies and their counterparts in smaller economies. We explore whether such...

The coronavirus disease (COVID-19) pandemic placed health-care systems around the world under great stress. The sharp increase in demand for health care highlighted the importance of efficient health spending. The negative impact of the pandemic on global economic growth further strengthened the...