“Asia has benefited greatly from its integration into the world economy. But globalization has its challenges, including those that are the subject of this excellent new study: how to manage the interface with global capital markets, especially in the current, highly unusual monetary policy settings in the major economies. Dr. Juthathip Jongwanich has been researching these issues for several years. In this volume she writes with great authority, providing a comprehensive, succinct and accessible examination of the many complex issues. A must-read volume for policy makers and academics alike.”