ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Ms. Park specializes in Asian macroeconomics, notably country diagnostics, development policies, and the economic implications of external shocks, such as the global financial crisis. She also studies regional financial markets. She belongs to the Economic Research and Regional Cooperation Department (ERCD), which undertakes economic and policy research and capacity building, supports ADB operations, and networks with the international research community.
Author
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The Development of Local Currency Bond Markets and Uncovered Interest Rate Parity
This working paper shows how deviations in uncovered interest rate parity (UIP) decrease as local currency bond markets develop and the presence of nonbank financial institutions expands.
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International Business Cycle Synchronization: A Synthetic Assessment
This paper presents findings from a study that synthetically assessed the three major transmission channels of international business cycles: trade, foreign direct investment (FDI), and portfolio flows between economies with multiple fixed effects. -
Impacts of Social Distancing Policy and Vaccination During the COVID-19 Pandemic in the Republic of Korea
This study investigates the dynamic impact of social distancing policy on COVID-19 infection control, mobility of people, and consumption expenditures in the Republic of Korea.
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Potential Economic Impact of COVID-19-Related School Closures
This study examines the economic impacts of COVID-19-related school closures in the primary, secondary, and tertiary levels along with the implications to future labor productivity in Asia and the Pacific.
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Domestic and External Monetary Policy Shocks and Economic Inequality in the Republic of Korea
This paper examines the linkage between monetary policy and economic inequalities in the open economy of the Republic of Korea.
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The Effect of COVID-19 on Foreign Direct Investment
This study examines how COVID-19 has impacted foreign direct investment (FDI) using data from 173 home to 192 host countries from the first quarter of 2019 to the second quarter of 2021.
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Understanding Financial Inclusion: What Matters and How It Matters
The level of economic development matters for the effectiveness of financial inclusion in achieving poverty reduction.
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Economic Implications of the Regional Comprehensive Economic Partnership for Asia and the Pacific
This paper evaluates the impact of the Regional Comprehensive Economic Partnership (RCEP) on global and regional incomes, trade, economic structure, factor returns, and employment.
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Can Vaccination Help Restart Tourism?
This brief explores how introducing vaccine passes could support cross-border travel and help revive the tourism sector.
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An Integrated and Smart ASEAN: Overcoming Adversities and Achieving Sustainable and Inclusive Growth
While ASEAN has much to gain from economic cooperation and integration, it faces nontrivial growth and integration barriers.
Editor
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Managing the Development of Digital Marketplaces in Asia
This book examines the scope, potential benefits, and challenges of digital platforms in Asia and the Pacific. It proposes measures and policies to help maximize social and economic gains while alleviating adverse effects.
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Redefining Strategic Routes to Financial Resilience in ASEAN+3
This book explores how regional financial cooperation could support greater financial resilience in ASEAN+3 amid rapid economic and financial development and technological change.
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Nonperforming Loans in Asia and Europe—Causes, Impacts, and Resolution Strategies
This book traces trends in nonperforming loans (NPLs) during and after financial crises in Asia and Europe. It examines the impact of high NPLs, compares the effectiveness of resolution strategies, and explores policy considerations.
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Future of Regional Cooperation in Asia and the Pacific
This book reviews progress with regional cooperation and integration in Asia and the Pacific and explores how it can be reshaped to achieve a more resilient, sustainable, and inclusive future.
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Navigating COVID-19 in Asia and the Pacific
This book gathers analysis and ideas to help policy makers tackle the impacts of the coronavirus disease (COVID-19) and build a more resilient and sustainable future.
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The Dynamics of Asian Financial Integration: Facts and Analytics
The book attempts to achieve two goals by assessing the degree of regional and global financial integration and unveiling the drivers of such integration.
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Human Capital, Infrastructure Key to Myanmar Growth, Says ADB
Myanmar must upgrade its infrastructure and improve the quality of human capital if it is to achieve sustainable economic growth and reap the full benefits from its ambitious reform agenda, says a new ADB report on the country’s growth prospects.