Emerging Asia

RAMKISHEN S. RAJAN is Professor at the School of Public Policy and Co-Director of the Centre for Emerging Market Policies, George Mason University, USA. His previous publications include Exchange Rates, Currency Crisis and Monetary Cooperation in Asia (Palgrave Macmillan, 2009).

• PART I: CRISIS, CAPITAL FLOWS AND EXCHANGE RATES IN ASIA Booms and Busts in Private Capital Flows to Emerging Asia since the 1990s Asia as a Source of Capital (with R.Hattari) Will the US Dollar Remain the Single Global Currency? (with S.Gopalan) Exchange Rate Regimes in Asia East Asia and the Real Exchange Rate ( with J.H.Beverinotti ) PART II: EXCHANGE RATE VOLATILITY, CRISES AND CONTROLS IN EMERGING ECONOMIES The Problem with Exchange Rate Volatility Capital Controls: No Longer Unorthodox Reconsidering the Tobin Tax Sovereign Debt Defaults: Concerns and Lessons Banking Sector Internationalisation in Asia (with S.Gopalan) PART III: ASIA AND THE GLOBAL FINANCIAL ARCHITECTURE The Global Financial Crisis of 2008-09: Implications for Emerging Asia Sequencing of Regional Cooperation in Asia: The Real and Financial Dimensions Revisiting Asian Monetary and Financial Cooperation The Idea and Reality of the Asian Currency Unit (ACU) Asia in the G20: Monetary and Financial Considerations (with S.Gopalan) PART IV: MONETARY AND FINANCIAL ISSUES IN INDIA The Global Financial Crisis and the Bank Lending Channel (with M.S.Islam) Macroeconomic Management during a Period of Plenty in India Post Global Financial Crisis: Heating up of the Inflation Debate in India (with V.Yanamandra) India's International Reserves: How Diversified? (with S.Gopalan) The Importance of Remittances in India and South Asia (with S.Gopalan) PART V: FOREIGN DIRECT INVESTMENT ISSUES IN ASIA Foreign Portfolio versus Foreign Direct Investment Flows: Are they So Different? Intra-Asian Foreign Direct Investment Flows (with R.Hattari) Revisiting India's Foreign Direct Investment Numbers (with S.Gopalan) Attracting Foreign Direct Investment: The Role of Financial and Fiscal Incentives Global Competition for Foreign Direct Investment and Investment Promotion

'...the volume rests on a foundation of extensive and high-quality research. It is well written, organized rationally and contains a wealth of bibliographical references and an array of pertinent empirical data.' - Robert L. Currey Jr. California State University, Asean Economic Bulletin