Studies were originally prepared for two international conferences on the global financial crisis hosted in 2009 by the Asian Development Bank Institute.

1 Monetary and currency policy issues: an overview / Shinji Takagi -- PART I MONETARY POLICY ISSUES -- 2 The role and effectiveness of unconventional monetary policy / Peter J. Morgan -- 3 Monetary policy strategies in the Asia and Pacific region: which way forward? / Andrew Filardo and Hans Genberg -- PART II EXCHANGE RATE POLICY AND RESERVE MANAGEMENT ISSUES

4 International monetary transmission and exchange rate regimes: floaters vs non-floaters in East Asia / Soyoung Kim and Doo Yong Yang -- 5 Macroeconomic impacts of foreign exchange reserve accumulation: theory and international evidence / Shin-ichi Fukuda and Yoshifumi Kon -- PART III RECOMMENDATIONS RELATED TO THE 'IMPOSSIBLE TRINITY' -- 6 The financial crisis, rethinking of the global financial architecture and the trilemma / Joshma Aizenman, Menzie D. Chinn and Hiro Ito

7 Asia confronts the impossible trinity / Ila Patnaik and Ajay Shah -- PART IV IMPACTS ON ASIA OF THE GLOBAL FINANCIAL CRISIS AND POLICY RESPONSES -- 8 Asia's post-global financial crisis adjustment: a model-based dynamic analysis / Masahiro Kawai and Fan Zhai -- PART V REGIONAL COOPERATION ISSUES -- 9 A proposal for exchange rate policy coordination in East Asia / Masahiro Kawai and Shinji Takagi.