Purpose – The paper is a pioneering attempt to study the relative competitiveness of Association of South East Asian Nations – ASEAN‐10, 31 provinces of mainland China and 35 states of India by disaggregate approach vis‐à‐vis ranking and simulation studies. Design/methodology/approach...

In managed floats, central banks often intervene in the foreign exchange market to obtain politically desirable exchange rates. How this is done has remained totally opaque although central banks are likely to adopt a satisfying rather than optimizing strategy since they need to intervene...