However, I would wish to re-iterate as stated last year that central banking is not for the faint of heart as Alice Rivlin so aptly said, “The job of the central banks is to worry”.
Asian emerging market economies(EMEs) have shown rapid growth, boosted by an export-oriented growth strategy, cheap high-quality labor, and the introduction of capital and technology from advanced countries, and so on. Unlike advanced economies(AEs), Asian EMEs, in particular, have been growing steadily since the global financial crisis.