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This book takes stock of and analyzes the events during the Asian financial crisis (AFC) and subsequent developments, including the global financial crisis (GFC), that led to the development of the ASEAN+3 regional financial cooperation framework and the establishment of the ASEAN+3 Macroeconomic Research Office. The book is the first of its kind to compile comprehensive recollections of the major players during the AFC and the GFC, including country-level narratives on the causes and developments of the crises, and measures to overcome them. The book not only presents an analytical and deeper examination of country experiences during both crises, but also assesses the two crises and covers the lessons learnt from the crises, particularly with a focus on the development of regional financial cooperation. The book concludes with regional financial cooperation in retrospect, aiming to catalyze further discussions on the direction of the region's financial cooperation.
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This edition of the Southeast Asian Economic Outlook examines medium-term growth prospects, recent macroeconomic policy challenges, and structural challenges including human capital, infrastructure and SME development.
This edition of the Southeast Asian Economic Outlook examines the macroeconomic situation and medium-term growth prospects for countries in the region; structural challenges; green growth strategies, policies and institutions; and environmental taxes.
This inaugural edition of the Southeast Asian Economic Outlook looks at current efforts to rebalance growth for the region and at what form growth will take in the future.
What is the church's mission in the 21st century? Malaysian apostle and missiologist Dexter Low says "nation transformation" must become our new agenda for fulfilling the Great Commission in our time. The current model, which calls for uniting the church's leaders worldwide to win 1 billion souls and plant 5 million churches by 2021, isn't working. Ultimately it cannot because its emphasis on church planting and evangelism excludes social transformation. But when the key pillars of social influence are also realigned according to kingdom principles, then your nation, any nation, will be transformed. God's Mandate for Transforming Your Nation provides practical instructions on advancing God's kingdom globally. True examples of ways that lead to measurable results are included. Low will both challenge and inspire you as a Christian leader to take a significant step forward in fulfilling the church's mission in the 21st century.
This Manual offers guidelines for the presentation of monetary and financial statistics. It provides a set of tools for identifying, classifying, and recording stocks and flows of financial assets and liabilities, describes the standard, analytically oriented frame works in which the statistics may be presented, and identifies a set of analytically useful aggregates within those frameworks. The concepts and principles set out in the Manual are harmonized with those of the System of National Accounts 1993.
This Selected Issues paper reports that the Philippines is influenced by global developments through both trade and financial channels. Weaker global growth hurts demand for Philippine exports, which in turn affects consumption and investment. The financial system has only limited exposure to Europe and little reliance on foreign wholesale funding, but contagion could still occur through pullbacks of credit by European banks to the domestic corporate sector or a retreat by foreign investors from local equity and bond markets.