June 2014:
ASIA REACHING FOR THE TOP
Asian Style
Alan
Wheatley
Cultural products are
playing an increasing role
in the region’s economy as
disposable incomes rise
The Future of Asian Finance
James P. Walsh
As Asia leads the world in
growth, will its financial
systems lead too?
Point of View: Asia’s Resilience
Zeti
Akhtar Aziz
The region survived the
global crisis and must now
cope with a significant
worldwide financial and
economic transition
Governance Unbundled
Shikha Jha and Juzhong
Zhuang
By focusing on the biggest
hurdles to growth and
development, countries in
Asia are more likely to see
their governance reform
efforts succeed
Also in This Issue
Economics and Morality
Timothy Taylor
Economists may prefer to be
value neutral, but many
critics find fault in the
relationship between
economics and virtue
No Magic Threshold
Andrea Pescatori, Damiano
Sandri, and John Simon
There appears to be no clear
point above which a nation’s
debt dramatically
compromises medium-term
growth
The Cost of Tying One’s Hands
Atish R. Ghosh, Mahvash S.
Qureshi, and Charalambos
Tsangarides
There are benefits to
pegging the exchange
rate—but without a flexible
rate, external adjustment
can be tough
A Broader Mandate
Luis
Jácome and Tommaso
Mancini-Griffoli
Central banks are feeling
pressure to expand their
inflation brief to include
politically charged goals
such as employment and
growth
Not Your Father’s Service Sector
Prakash Loungani and Saurabh
Mishra
Services are gaining
newfound respect as the
basis of modern global trade
DEPARTMENTS
From the Editor
In Brief (online exclusive)
Tackling air pollution
South Asia’s infrastructure gap
Growing greener cities
Promoting gender equality
Africa continues going mobile
Asia's small firms need financing to
grow
Events in 2014
People in Economics
Book Reviews
The Tyranny of Experts, William Easterly
The Road to Global Prosperity, Michael Mandelbaum