https://www.scmp.com/rss/506568/feed Sasidaran Gopalan is senior research fellow at the Nanyang Business School, Nanyang Technological University. He has held various academic and research appointments, including the Graduate School of Public Policy at Nazarbayev University in Kazakhstan, Asia Competitiveness Institute at Lee Kuan Yew School of Public Policy, National University of Singapore, and HKUST Institute for Emerging Market Studies. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Following the Bretton Woods agreement, maintaining a stable and competitive exchange rate has been one of the cornerstones of Asian industrialisation strategies, at least until the Asian financial crisis of 1997-98. To what extent have Asian exchange-rate regimes evolved over the past two decades? The latest available International Monetary Fund report on exchange-rate arrangements reveals that many smaller economies in the region continue to have either fixed (Hong Kong) or heavily managed... https://www.scmp.com/comment/opinion/article/3102163/covid-19-shows-asias-vulnerability-strong-dollar-crisis?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3102163/covid-19-shows-asias-vulnerability-strong-dollar-crisis?utm_source=rss_feed Sun, 20 Sep 2020 12:45:08 +0000 The former Federal Reserve chairman, Alan Greenspan, famously noted of the 1997-98 Asian financial crisis that the region lacked the “spare tyre” of a backup form of financial intermediation once the banking system collapsed. Since then, the region’s governments have taken steps to enhance capital market development. This was also an early area of policy priority in the Asean+3 (including China, Japan and South Korea) financial cooperation. For instance, one key objective of the Asian Bond... https://www.scmp.com/comment/opinion/article/3093134/why-asias-rapidly-growing-bond-markets-are-still-vulnerable?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3093134/why-asias-rapidly-growing-bond-markets-are-still-vulnerable?utm_source=rss_feed Wed, 15 Jul 2020 09:00:19 +0000