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Moves towards regional currency arrangements in Asia, Latin America and elsewhere could trigger a “chaotic” shift away from the dollar-based monetary system, Joseph Stiglitz, chair of a UN panel on global financial reform, has warned
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Asian economies face the danger of “meltdown” unless they coordinate policy responses to the global crisis more closely, Japanese finance minister Kaoru Yosano warned yesterday in Bali
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Asian finance ministers yesterday took the first steps towards what could become an Asian monetary fund by agreeing to enlarge and multilateralize the Chiang Mai Initiative, a system of currency swaps
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Without $8 trillion in infrastructure financing over the next decade, Asia risks losing its competitiveness. A new fund could help, says a recent ADB study
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A massive credit surge has helped keep China’s economy growing. But the flood of lending threatens to bring with it a return of bad loans and a speculative bubble. How Beijing manages the flow of credit will be critical to the country’s growth trajectory
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Indonesia is pressing ahead with its plans to become a hub for Islamic finance in Asia – despite the difficulties surrounding its debut issue of shariah-compliant bonds last month
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Bankers’ confidence in Asia’s local currency debt markets is growing – but they remain a poor substitute for international sources of funds that remain largely closed to the region’s issuers
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Sri Lanka will spend all of the first tranche of its new IMF loan – between $800 million and $1 billion – replenishing foreign exchange reserves, the country’s governor at the Fund has revealed
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The world’s bond markets may have started to function again, but while Europe and the US are enjoying a boom of new deals, Asia’s borrowers have been finding themselves squeezed out
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Japan’s economy risks another lost decade as its exports collapse. Only a fundamental rebalancing of the economy can dull the pain
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Thailand is set for a massive boost in infrastructure spending, under an economic stimulus package due to be put before parliament next week