Central banks in emerging Asia have helped to bolster the resilience of their economies to external shocks, but the exchange rate channel remains a key transmission mechanism of disturbances.
Market power has been a long-standing concern for many policy makers and academic researchers as it greatly matters for economic welfare and resource allocation.
A tightening United States monetary policy cycle in 2022 in the face of severe inflationary pressures has led to a broad-based appreciation of the US dollar.