State-Owned Enterprises Leverage as a Contingency in Public Debt Sustainability Analysis: The Case of the People’s Republic of China
The size of the state-owned enterprise contingent liability in relation to the People’s Republic of China’s gross domestic product appears to be manageable if dealt with decisively and bar a continuation of the past.
Distributed Ledger Technologies for Developing Asia
This paper assesses the practical implementation for distributed ledger (or blockchain) technology in improving the process of financing, deploying, tracking, and evaluating development finance assistance in key sectors.
Leverage and Capital Structure Determinants of Chinese Listed Companies
This paper assesses the financial fragility of the Chinese economy by looking at risk factors in the corporate nonfinancial sector.
Contingent Claims Analysis of Sovereign Debt Sustainability in Asian Emerging Markets
Contingent claims analysis applied to Indonesia, Malaysia, the Philippines, the Republic of Korea, and Thailand shows no particular vulnerability to sovereign debt distress during recent years.
Exploring Risk-Adjusted Fiscal Sustainability Analysis for Asian Economies
This paper explores the analytical tools available for gauging fiscal sustainability under uncertainty to help national authorities in managing and mitigating fiscal vulnerability in Asia.
Public Debt Sustainability in Developing Asia: An Update
The paper updates debt sustainability analysis (DSA) for developing Asia, conducted in 2011. With the benefit of hindsight, the accuracy of the earlier debt ratio forecasts and underlying macroeconomic assumptions is assessed.
What Accounts for the Growth of Carbon Dioxide Emissions in Advanced and Emerging Economies? The Role of Consumption, Technology, and Global Supply Chain Trade
The rise of global value chains has dramatically changed the nature of production and international trade, blurring the attribution of ultimate responsibility for carbon dioxide emissions.
Asia and Global Production Networks—Implications for Trade, Incomes and Economic Vulnerability
This publication features new tools to understand how global value chains change the nature of global economic interdependence and expose national economies to adverse shocks elsewhere in the world.
Asian Development Outlook Forecast Skill
The data in this paper are being corrected and updated by the authors. Please do not cite it in the meantime. A new paper will be published soon.
Abenomics' Trade Spillover
The paper assesses the impact on Japan’s competitors from a marked fall in the value of yen. For countries and products facing Japan’s strongest competition, a 10% appreciation of the yen lowers average exports by more than 3%.