Debt Buildup and Currency Vulnerability: Evidence from Global Markets
This paper examines how debt buildup is related to currency depreciation pressure. It highlights the importance of a debt surveillance framework that monitors both public and private debt buildup, especially in emerging markets.
Trajectories to High Income: Growth Dynamics in Japan, the People’s Republic of China, and the Republic of Korea
This paper analyzes the economic growth patterns of Japan, the People’s Republic of China (PRC), and the Republic of Korea. It finds a striking similarity between the growth experiences of the PRC and the Republic of Korea.
Analysis of Brexit and Its Policy Lessons for Asian Integration
Regional integration is reversible in the face of growing erosion of popular support for integration.
Bank Efficiency and the Bond Markets: Evidence from the Asia and Pacific Region
This paper examines the association between bond market development and profit and cost efficiency of commercial banks, based on bank-level data from 27 economies in the Asia and Pacific region.
The Economic Impact of the COVID-19 Outbreak on Developing Asia
This brief analyzes the potential economic impact of the new coronavirus outbreak on developing Asian economies across various scenarios.
Exchange Rates and Insulation in Emerging Markets
This paper presents data on how flexible exchange rate regimes insulate emerging markets from external shocks. The findings are based on a study about whether or not flexible exchange rates can protect emerging markets from external shocks.
Build Back Better: What Is It, and What Should It Be?
This paper examines the economic dimensions of building back better (BBB) after disaster events and proposes four criteria for effectiveness: safety, speed, inclusiveness, and long-term economic potential.
Reforming Pension Insurance in the People’s Republic of China
This paper reviews the progress achieved by the People’s Republic of China in strengthening its national pension insurance system during the 13th Five-Year Plan period.
Impact of Monetary Policy Uncertainty on Asian Exchange Rates
This brief examines the impact of monetary policy uncertainty in the United States on Asian exchange rates.
Fiscal Space and Increasing Fiscal Resilience
This paper compares fiscal cyclicality across advanced and developing economies in terms of geography and income levels between 1960 and 2016.