i. What are we to do with all this cash?
Commercial banks are laughingly said to be turning into bond fund managers with expensive branches. And central banks agonize over the conflicting twin objectives of exchange-rate management and investment returns, writes Pauline Loong. Country reports from Louis Beckerling, Maggie Ford, Park Sang-soo and Dominic Jones. Additional research by Gina San and Keith Coln. --- COVER STORY PART I
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