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.
ABOUT ADB PROJECTS
PRODUCTS AND SERVICES
KNOWLEDGE
SECTORS AND THEMES
Ulrich Volz
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Excessive risk-taking by nonbanks could lead to systemic risk vulnerabilities in economic downturns.
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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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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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Underdeveloped capital markets tend to inhibit domestic resource mobilization for infrastructure investment.
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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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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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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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There are multiple ways by which central banks and monetary authorities can actively address climate-related financial risks and support the scaling up of sustainable finance.
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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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Progressive integration of clearly defined environmental, social, and governance factors through regulatory measures offers economic benefits.