ADBI Publications

The Correlations of the Equity Markets in Asia and the Impact of Capital Flow Management Measures

To reduce volatility dependence within emerging Asian economies, policy makers should adopt capital flow management measures.

Optimal Dynamic Path during the Transition of Exchange Rate Regime: Analysis of the People’s Republic of China (PRC), Malaysia, and Singapore

The PRC should shift gradually from a dollar peg to a basket peg while Malaysia and Singapore should move slowly to a basket peg regime.

Aging and Inequality: The Perspective of Labor Income Share

Income inequality increases with population aging due to a shrinking labor force.

Structural Change, Trade, and Inequality: Some Cross-Country Evidence

While structural change increases inequality, trade and foreign direct investment reduce it.

Industrial Transfer and the Remaking of the People’s Republic of China’s Competitive Advantage

The relocation of coastal manufacturers to the People's Republic of China's inland provinces could revitalize the country's national competitive advantage.

Alternatives to Bank Finance: Role of Carbon Tax and Hometown Investment Trust Funds in Developing Green Energy Projects in Asia

Hometown investment trust funds, with revenues from taxes on pollutants, could provide much-needed finance for green energy projects.

Middle-Income Trap (MIT): Review of the Conceptual Framework

Middle-income trap? "Convergence trap" might better explain the difficult transition to high-income status faced by at least 70 countries.

International Remittances and Poverty Reduction: Evidence from Asian Developing Countries

A 1% increase in international remittances can reduce poverty severity by 16%.

Tokyo as a Leading Global Financial Center: The Vision Under the Spotlight Again

Tokyo could become a regional financial center, but it faces challenges as Japan’s cross-border transactions are mainly with developed economies such as the US and Europe.