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.
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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.
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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.
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This study introduces a new composite index of globalization building on the separate contributions of intraregional and extraregional integration.
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This study constructs a multidimensional regional integration index series that embodies six key facets of regional integration.
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This paper looks at how the network of cross-border banking appears to play an important role in financial contagion and how shocks are transmitted across borders.
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Trade and investment and movement of people are the main drivers of regional integration in Asia and the Pacific from 2006 to 2016. Asia comes second to the European Union in progress on regional integration.
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A new measurement is used to assess the impact of financial inclusion on poverty and income inequality of 151 economies.
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This brief revisits lessons from the Asian financial crisis, examines the emerging challenges that could undermine future financial stability, and concludes with some policy considerations.
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This paper develops an empirical methodology to test the contagion effect at the country level using bilateral data on bank claims between countries.
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The study develops an index to measure the degree of regional integration in Asia and the Pacific (48 economies in six subregions).
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This paper investigates the channels of growth spillovers and estimates the degree of macroeconomic interdependence between emerging East Asia and G3 economies.
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Asian economies have come a long way in building local currency bond markets, but more needs to be done to strengthen market infrastructure and institutions, address inconsistent policies and regulations, and enhance corporate governance.