Asia’s preparedness for future market shocks was examined at a book launch for Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets, co-hosted by ADBI and ADB in Manila on 17 September 2019. The co-editors, ADBI Dean Naoyuki Yoshino, Bank of Thailand’s Pornpinun Chantapacdepong, and ADB Economist Matthias Helble, along with contributor and ADBI Advisory Council member Ulrich Volz, discussed the book’s insights on the evolution of the macroeconomic landscape, new instability concerns, and keys to mitigating future shocks in the region. Dean Yoshino led with remarks on the impact of Asia’s aging populations on fiscal and monetary policy effectiveness, and the urgent need for structural reform.
ADBI experts described strategies for bridging infrastructure investment gaps during a capacity building dialogue with policy makers from developing Asia Pacific economies and ADBI Advisory Council members at ADB in Manila on 17 September 2019. ADBI Dean Naoyuki Yoshino explained that reinvestment of “spillover” tax revenue fueled by green energy projects, as well as risk-reducing hometown investment trust funds, could raise rates of returns to attract private investment in local wind and solar power infrastructure. He added that land trusts can lower land acquisition costs and promote transport growth such as high-speed rail when combined with spillover investment.
ADB President Takehiko Nakao opened the ADBI Advisory Council meeting at ADB in Manila on 16 September by commending ADBI on its successful chairing of the Think20 (T20), the G20’s policy research and advisory network, under the Japan’s G20 presidency. He called on ADBI to further strengthen its role as a global think tank leader to drive innovative solutions for advancing poverty elimination and sustainable growth in alignment with ADB Strategy 2030. ADBI Advisory Council members affirmed ADBI’s policy research and capacity building progress and offered strategic guidance. Among the priorities examined included regional macroeconomic trends and stability, gender equality, quality infrastructure, digitalization, and climate change.
Experts described ways to bridge financing gaps for social protection programs during an ADBI seminar on community-based financing held on 10 September 2019 as part of Asia Pacific Social Protection Week at ADB in Manila. ADBI Dean Naoyuki Yoshino explained that hometown investment trusts can be combined with community-based health insurance models to create sustainable financing schemes for health insurance provision. ADBI Senior Capacity Building and Training Economist Nella Hendriyetty moderated a second ADBI seminar at ADB on 11 September that examined macroeconomic challenges linked to aging populations and appropriate policy responses.
Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets
Shocks stemming from the global financial crisis have had wide-reaching effects on macroeconomic financial stability in emerging Asia.
Handbook of Green Finance: Energy Security and Sustainable Development
This handbook is the first to explain ways to finance green projects for implementing the SDGs in the context of the 2030 Agenda for Sustainable Development.
- Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets
- Handbook of Green Finance: Energy Security and Sustainable Development
- Chul Ju Kim, ADBI Deputy Dean on Development Capacity Building
- Pitchaya Sirivunnabood, Capacity Building and Training Economist on Empowering Policy Makers
- KE Seetha Ram, Senior Consulting Specialist for Capacity Building and Training Projects on Advancing Sustainable Development
- Services important for developing Asia growth, both past and future
- Where are Asia’s migration trends and attitudes headed?
- How to thread the economic and political needle on Asian infrastructure growth
- How resilient is Southeast Asia in weathering economic volatility?
- Republic of Korea needs green finance to meet climate change commitments
- Spillover taxes could help boost green energy projects in Asia