The objective of this paper is three-fold. First, the monetary and exchange rate regimes of the Asian countries are described and analyzed. The degrees of flexibility in exchange rates and capital controls vary across countries. Some countries have adopted a flexible inflation targeting...

The rise of China and its integration with the rest of the world is probably one of the most important developments in today's global economy, but what impacts has China's rise had on the neighboring economies of East Asia? This book brings together research for those who wish to understand...