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Asia-Pacific

Asian integration and the IMF

In this commentary article IMF Managing Director Rodrigo de Rato says the next step for Asia should be to develop more resilient national and regional financial markets. This would further reduce vulnerabilities by improving the channeling of savings and…

RBA's Macfarlane on global imbalances

In the speech 'What are the global imbalances?' given on 28 September Ian Macfarlane of the Reserve Bank of Australia said current account surpluses currently being recorded across Asia are likely to persist in the medium term in the absence of policy…

Comment: Managing Asian reserves

The accumulation of foreign-exchange reserves by Asian central banks is one of the most talked-about developments in international finance in recent years. Arguably, it is also one of the most misunderstood ones too - its causes and consequences being…

Asia can fight speculators without its own IMF

The Indonesian authorities plan to seek $6 billion in standby funds from Japan to bolster the country's depleting foreign reserves has seen the Indonesian currency slump to a four-year low, this article published on Tuesday 6 September reports.

ASEAN swap ceiling agreement signed

The Central Bank of Indonesia (BI), the Cambodian National Bank, the Monetary Authority of Singapore and the Bank of Thailand have signed an agreement to increase the ceiling of the ASEAN Swap Arrangement from 1 billion USD to 2 billion USD.

A punch bowl made in China

China is supplying a punch bowl to keep the party going despite the Federal Reserve's best efforts, according to an article published on Wednesday 10 August. So consumers can thank Beijing and other Asian central banks for all the cheap credit, it says.

Pressure on Asia to shift reserves

Asian central banks may have to shift up to $500 billion in reserves from dollars to euros and yen or risk foregoing $28 billion a year in potential revenue, according to a report published by Goldman Sachs Group.

ADB chief calls for early yuan shift

Asian Development Bank President Haruhiko Kuroda said on Tuesday 14 June that China should shift to a more flexible currency regime at an early date as such a move would benefit China and the rest of the world.

Is the IMF an endangered species in Asia?

This article says last week's meeting of the Asian Development Bank marked the resurrection of the idea of an "Asian Monetary Fund". This step, along with the Asian Bond Fund, will not only move Asia further down the path of integration, but also reduce…

Fed's blunder should make Asia green with envy

This article published on Thursday 5 May says no policy maker in Asia can claim to match the Fed's mastery over "open mouth operations". Where many of the Asian central banks go wrong is in thinking they'll get more respect from the market by being…

Asian central banks set to gather for ACU meeting

Heads and representatives of central banks from ten countries, including India, will visit Pakistan later this month to attend an annual meeting of the Asian Clearing Union, an official of the State Bank of Pakistan said on Tuesday 3 May.

Asian central banks' dilemma

Diversification away from dollar denominated foreign exchange reserves is a natural reaction for Asian central banks, this article says. But because of the size of their holdings, any sudden move to sell a substantial part of these holdings could cause a…

Ex-Fed's Wyss says Asia should diversify reserves

Asian central banks need to diversify their foreign reserves but in doing so, they should allow the local currencies to appreciate against the dollar, a former US presidential economic adviser and Federal Reserve governor said on Thursday 3 March.

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