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.
Nuobu Renzhi
Author
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Exchange Rate Pass-Through in Emerging Asia and Exposure to External Shocks
Exchange rate developments are important considerations for central banks in the sense that they can affect their core mandate of price stability.
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Corporate Market Power and Monetary Policy Transmission in Asia
Rising market power impairs the effective transmission of monetary policy.
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Nonbank Finance and Monetary Policy Transmission in Asia
Excessive risk-taking by nonbanks could lead to systemic risk vulnerabilities in economic downturns.
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When the United States and the People’s Republic of China Sneeze: International Real and Financial Spillovers in Asia
Emerging Asian economies are overall more susceptible to monetary policy shocks emanating from the People's Republic of China than those from the United States.
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Local Currency Bond Markets, Foreign Investor Participation, and Capital Flow Volatility in Emerging Asia
Greater development of local currency bond markets helps to mitigate against capital flow volatility, while foreign investor participation has the opposite effect.
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Bracing for the Typhoon: Climate Change and Sovereign Risk in Southeast Asia
Greater climate vulnerability appears to have a sizable positive effect on sovereign bond yields, while greater resilience to climate change has an offsetting effect.
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Feeling the Heat: Climate Risks and the Cost of Sovereign Borrowing
Vulnerability to the direct effects of climate change matter more than climate risk resilience in the implications for sovereign borrowing costs.
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Financial Market and Capital Flow Dynamics During the COVID-19 Pandemic
While the ultimate resolution of COVID-19 may lead to a market correction as uncertainty declines, there may be some permanent effects on financial markets and capital flows.
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Persistent Current Account Imbalances: Are they Good or Bad for Regional and Global Growth?
Current account surplus shocks emanating from the People's Republic of China, Japan, and Germany have strong positive effects on regional growth.
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Quantifying the Economic Spillover Effect for Citywide Fecal Sludge Management Programs
Developing countries throughout Asia have made impressive gains in sanitation improvement through efforts to reduce open defecation and improve toilet coverage, and hygienic citywide fecal sludge management programs have become critical.
Editor
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Climate Change and Sovereign Risk
Governments must climate-proof their economies and public finances or potentially face an ever-worsening spiral of climate vulnerability and unsustainable debt burdens.