John Beirne, Research Fellow
John Beirne joined the Asian Development Bank Institute as a Research Fellow in March 2019.
His research interests are centered on international finance and macroeconomics. Previously, he worked at the European Central Bank for over ten years mainly on research and analysis of global financial market developments, commodities, and financial stability, as well as global governance issues. He has also worked for a shorter period at the IMF, in academia, and as an economic consultant in the private sector. He holds a PhD in Economics from Brunel University in the United Kingdom. John has published over 25 articles in journals such as the Journal of International Money and Finance, Economic Modelling, Review of International Economics, Emerging Markets Review, International Review of Applied Economics, and China Economic Review.
With N. Renzhi, E. Sugandi and U. Volz. Pacific Economic Review, forthcoming.
With N. Renzhi and U. Volz. Singapore Economic Review, forthcoming.
With N. Renzhi and U. Volz. International Review of Economics and Finance, Vol. 76, pp. 920-936, 2021.
With N. Renzhi and U. Volz. Journal of International Money and Finance, Vol. 115(C), no. 102389, 2021.
With N. Renzhi and U. Volz. Sustainable Development, Vol. 29(3), pp. 537-551, 2021.
Economic Modelling, Vol. 92, pp. 358-374, 2020.
With A. Apostolou. Economic Modelling, Vol. 79(C), pp. 118-129, 2019.
With C. Friedrich. Journal of International Money and Finance, Vol. 75, pp. 47-68, 2017.
With G.S. Liu and S. Pen. Journal of Chinese Economic and Business Studies, Vol. 13(3), pp. 197-216, 2015.
With J. Gieck. Review of International Economics, Vol. 22(4), pp. 639-659, 2014.
With M. Fratzscher. Journal of International Money and Finance, Vol. 34(C), pp. 60-82, 2013.
With G.M. Caporale, and N. Spagnolo. The Manchester School, Vol. 81(6), pp. 925-940, 2013.
With G.M. Caporale, M. Schulze-Ghattas and N. Spagnolo. Review of International Economics, Vol. 21(5), pp. 1060-1075, 2013.
With C. Beulen, G. Liu, and A. Mirzaei. China Economic Review, Vol. 27(C), pp. 37-51, 2013.
With J. Yang, G. Liu, and P. Sheng. Applied Economics Letters, Vol. 20(10), pp. 949-952, July, 2013.
With G. Liu, and A. Mirzaei. Economics Bulletin, Vol. 32(4), pp. 3166-3173, 2012.
International Review of Applied Economics, Vol. 26(3), pp. 367-385, 2012.
Journal of International Money and Finance, Vol. 31, pp. 534-551, 2012.
With G. Liu, and L. Zhang. Economics Bulletin, Vol. 32(1), pp. 466-474, 2012.
With M. Bijsterbosch. Journal of Policy Modeling, Vol. 33(2), pp. 241-254, 2011.
With G.M. Caporale, M. Schulze-Ghattas, and N. Spagnolo. Emerging Markets Review 11(3), pp. 250-260, 2010.
Economics Bulletin, Vol. 29(2), pp. 1421-1432, 2009.
With G.M. Caporale, and N. Spagnolo.Quantitative and Qualitative Analysis in Social Sciences, Vol. 3(2), pp. 44-68 (Special Issue on Empirical Finance), 2009.
International Advances in Economic Research, Vol. 15(2), pp. 261-262, 2009.
Journal of International and Global Economic Studies, Vol. 1(2), pp. 1-25, 2008.
With G. de Bondt. Applied Financial Economics Letters, Vol. 4(6), pp. 439-442, 2008.
With J. Hunter and M. Simpson. Quantitative and Qualitative Analysis in Social Sciences, Vol. 1(2), pp. 55-70, 2007.
With N. Campos. The Economics of Transition, Vol. 15(1), pp. 57-76, 2007.
Local currency bond markets (LCBMs) have continued to develop in emerging Asian economies since the early 2000s, with foreign investor participation rising markedly since the global financial crisis of 2007–2008.
The mobilization of climate finance is critical for limiting global warming to within 1.5°C and preventing catastrophic climate change (IPCC 2018). Annual green investments totaling $1.5 trillion are needed (United Nations 2017).
Current account surpluses have persisted in a number of Asian and European economies throughout the global financial crisis and thereafter.
The coronavirus disease (COVID-19) pandemic has been a truly global shock to public health, causing one of the most severe global economic downturns since the Great Depression of the 1930s.
The coronavirus disease (COVID-19) pandemic and the resulting lockdowns have led to an unprecedented economic contraction and turbulence in financial markets, which initially caused the largest ever outflows of portfolio capital from emerging market economies (EMEs).
Climate change can have a material impact on sovereign risk through direct and indirect effects on public finances. In addition, climate change raises the cost of capital in climate vulnerable countries and threatens debt sustainability.
A feature of the academic literature on financial cycles relates to the fact that it almost exclusively focuses on selected advanced economies, the findings of which may not necessarily hold for emerging economies. Global capital flow developments and monetary policies in advanced economies mean that financial cycle dynamics may differ substantially in emerging economies, not only in terms of turning points but also with regard to which asset market cycle best characterizes the financial cycle.
The rise of the digital age has created challenges for policy makers around the globe in managing their economies. Early work on this issue by Cecchetti (2002) noted that macroeconomic management becomes more complex in an environment of digitalization given shifting trend productivity and difficulties in estimating potential output.
With M. Fratzscher. In edited volume The Economics of Sovereign Debt, R.W. Kolb (ed.), John Wiley & Son, pp. 60-82, 2016.
With G.M. Caporale, M. Schulze-Ghattas and N. Spagnolo. In edited volume Financial Contagion: The Viral Threat to the Wealth of Nations, R.W. Kolb (ed.), John Wiley & Son, pp. 163-169, 2011.
With Volz, U., N. Ambrosio Preudhomme, A. Fenton, E. Mazzacurati, N. Renzhi, and J. Stampe. 2020. SOAS University of London, Asian Development Bank Institute, World Wide Fund for Nature Singapore, and Four Twenty Seven.
In this podcast, ADBI Research Fellow John Beirne discusses some of the key insights from the event, as well as the implications for policy makers going forward.
In this podcast, ADBI research fellow, John Beirne, discusses the ways in which climate risks affect the cost of sovereign borrowing and the sustainability of public finances, with a focus on Southeast Asia which is highly threatened by climate change.
In this podcast, ADBI research fellow, John Beirne, discusses the increasing prominence of the digital economy and digital finance and how continued digitalization will affect policies aimed at managing Asia and the Pacific’s emerging market economies.