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Return profits from spillover tax revenues and invest in soft infrastructure, urges Dean
Dean Naoyuki Yoshino proposed returning some of the profits from spillover tax revenues from infrastructure projects back to investors in order to attract more private finance, in a speech at the Center for China and Globalization (CCG) on 15 May. Dean Yoshino also encouraged investment in soft infrastructure such as labor training and community development to ensure success. Infrastructure funding will be crucial for the People's Republic of China's "Belt and Road Initiative" to connect Europe and Asia. Read more.
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ADBI and XJTLU promote research on financial inclusion and infrastructure in Suzhou, PRC
ADBI and the International Business School of Xi'an Jiaotong-Liverpool University organized the 5th annual Seminar on Asia and Pacific Economies in Suzhou, PRC on 12-13 May to disseminate recent research in this area. ADBI sponsored two special sessions on financial inclusion and regulation, and on infrastructure, with presentations by Senior Consulting Economist Peter Morgan, Research Fellow Bihong Huang, Project Consultant Long Q. Trinh, as well as invited contributors. Read more.
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ADBI to assist the National Bank of Cambodia develop a deposit insurance system
ADBI Dean Naoyuki Yoshino gave a seminar on deposit insurance systems at the National Bank of Cambodia (NBC) on 9 May together with Mr Satoru Yamadera of ADB. The seminar was part of ADB and ADBI's joint efforts to assist the NBC to set up its Deposit Insurance system and to calculate fair and optimal premium rates in developing a deposit insurance system. Applying models presented in ADBI Working Paper No. 510 (forthcoming in Studies in Economics and Finance, UK, 2017), ADBI’s efforts will help minimize risk and increase creditworthiness in Cambodia's financial system. NBC Deputy Governor Neav Chantana, 30 professional staff, and senior officials from Cambodia's Ministry of Finance attended the seminar.
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Global Think Tank Summit discusses obstacles to sustainable growth in Asia
Rising debt and struggling export-based strategies may slow economic growth, said a panel at the Global Think Tank Summit on 3 May in Yokohama. ADB President Takehiko Nakao, ADB Institute Dean Naoyuki Yoshino, Chinese Academy of Social Sciences Senior Fellow Yu Yongding, and UNESCAP Executive Secretary Shamshad Akhtar analyzed the challenges facing Asia. The summit was organized by the Asian Development Bank Institute and the Think Tanks and Civil Societies Program, University of Pennsylvania.
Books
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Safeguarding the Rights of Asian Migrant Workers from Home to the Workplace
This book reviews recent regional migration trends, highlights the growing number of labor migrants in Asia and examines the policy question of how to best safeguard their rights.
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Mission Incomplete: Reflating Japan's Economy
In April 2013 the Bank of Japan launched an unprecedented quantitative and qualitative monetary easing policy. It was thought that a 2% price stability target could be achieved within 2 years; 4 years on and we are still mission incomplete.
Latest
The US dollar's role in driving global financial stability is unmatched.
Divergent Monetary Policies and International Dollar Credit: Evidence from Bank-Level Data
Negative interest rates are nothing new and markets react differently depending on the implementation.
Central Banking below Zero: The Implementation of Negative Interest Rate Policies in Europe and Japan
Japanese people care for elderly parents if they expect a bequest, but altruism and social norms determine their caregiving behavior.
Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?
Higher exposure to financial risk is linked to lower household consumption and higher rates of poverty in Tajikistan.
Household Consumption Risk and Coping Strategies in Tajikistan: Evidence from Household Surveys
The Asian “Dragon” economies have grown at a rate fast approaching the United States, while the Asian “Tiger” economies have shown less success.
Are Dragons and Tigers Catching Up?
Investment in human capital is critical for innovation.
Growth Slowdowns, Middle-Income Trap, and Demographic Profile in South Asia
