New Development Bank’s Role in the International Financial Architecture
"What We are Reading..."
Rising US Interest Rates Won’t Trigger Another Asian Financial Crisis
The ASEAN+3 economies are stronger and more resilient today than they were in the late 1990s. As a result, tighter US monetary policy may lead to higher borrowing costs and trigger portfolio outflows similar to the “taper tantrum” of 2013, but a full-blown 1997-style financial crisis in Asia is unlikely. Read the full piece here.