This report was prepared at the request of Mr Akinari Horii, former Assistant Governor of the Bank of Japan and Chair of the EMEAP Working Group on Financial Markets. It was prepared by Eric Chan, Michael Chui, Frank Packer and Eli M Remolona. It draws heavily from interviews with asset managers, investment strategists, interdealer brokers and central bank staff in several of the EMEAP economies.
The impact of the international financial crisis on Asia and the Pacific: Highlighting monetary policy challenges from an asset price bubble perspective
prepared for the LU-CME Conference on "New Perspectives on Asset Price Bubbles: Theory, Evidence, and Policy"