Tomoo Kikuchi is a Senior Research Fellow at Centre on Asia and Globalisation, Lee Kuan Yew School of Public Policy, National University of Singapore, and a Guest Research Fellow at the Keio Global Research Institute at Keio University, Tokyo, Japan.

• Introduction: Evolving Finance, Trade and Investment in Asia 1. The Role of China, Japan, and Korea in Machinery Production Networks 2. Global Value Chains and China’s Exports to High-income Countries 3. Rethinking the Exchange Rate Impact on Trade in a World with Global Value Chains 4. Exchange Rates and Production Networks in Asia: A Twenty-first Century Perspective 5. Mega-FTAs and the WTO: Competing or Complementary? 6. Heterogeneous Patterns of Financial Development: Implications for Asian Financial Integration 7. Regional Financial Integration in East Asia against the Backdrop of Recent European Experiences 8. Does Inflation Targeting in Asia Reduce Exchange Rate Volatility?

Tomoo Kikuchi is a Senior Research Fellow at Centre on Asia and Globalisation, Lee Kuan Yew School of Public Policy, National University of Singapore, and a Guest Research Fellow at the Keio Global Research Institute at Keio University, Tokyo, Japan.

• Introduction: Evolving Finance, Trade and Investment in Asia 1. The Role of China, Japan, and Korea in Machinery Production Networks 2. Global Value Chains and China’s Exports to High-income Countries 3. Rethinking the Exchange Rate Impact on Trade in a World with Global Value Chains 4. Exchange Rates and Production Networks in Asia: A Twenty-first Century Perspective 5. Mega-FTAs and the WTO: Competing or Complementary? 6. Heterogeneous Patterns of Financial Development: Implications for Asian Financial Integration 7. Regional Financial Integration in East Asia against the Backdrop of Recent European Experiences 8. Does Inflation Targeting in Asia Reduce Exchange Rate Volatility?

Tomoo Kikuchi is a Senior Research Fellow at Centre on Asia and Globalisation, Lee Kuan Yew School of Public Policy, National University of Singapore, and a Guest Research Fellow at the Keio Global Research Institute at Keio University, Tokyo, Japan.

• Introduction: Evolving Finance, Trade and Investment in Asia 1. The Role of China, Japan, and Korea in Machinery Production Networks 2. Global Value Chains and China’s Exports to High-income Countries 3. Rethinking the Exchange Rate Impact on Trade in a World with Global Value Chains 4. Exchange Rates and Production Networks in Asia: A Twenty-first Century Perspective 5. Mega-FTAs and the WTO: Competing or Complementary? 6. Heterogeneous Patterns of Financial Development: Implications for Asian Financial Integration 7. Regional Financial Integration in East Asia against the Backdrop of Recent European Experiences 8. Does Inflation Targeting in Asia Reduce Exchange Rate Volatility?