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Inclusive Business Financing: Where Commercial Opportunity and Sustainability Converge
Inclusive businesses will help the poor to engage more fully in economic activity, thus, the need to provide them access to innovative modes of financing.
Global Banking Network and Regional Financial Contagion
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.
Common Understanding on Cross-Border Business Continuity Planning and Cybersecurity
A common understanding on cross-border business continuity planning and cybersecurity is important in establishing central securities depository and real-time gross settlement linkages in ASEAN+3 countries.
Promoting Green Local Currency Bonds for Infrastructure Development in ASEAN+3
ASEAN+3 policy makers are exploring options to promote green local currency-denominated bonds to meet the region’s infrastructure development needs.
Financial Inclusion: New Measurement and Cross-Country Impact Assessment
A new measurement is used to assess the impact of financial inclusion on poverty and income inequality of 151 economies.
Foreign and Domestic Investment in Global Bond Markets
Foreign investors seem more sensitive to risk–return profile than domestic investors, especially in emerging markets, and are also attracted by greater market openness and sound sovereign credit ratings.
Divergent Emerging Market Economy Responses to Global and Domestic Monetary Policy Shocks
This paper investigates how the United States and domestic monetary policy rates affect macroeconomic conditions in emerging market economies.
Exchange Rate Dynamics and United States Dollar-Denominated Sovereign Bond Prices in Emerging Markets
This paper conducts an empirical test on dollar-denominated sovereign credit spreads in emerging markets, such as the Philippines, to examine their relationship with each country’s exchange rate and the United States Treasury yields.
Capital Flows and Financial Stability in Emerging Economies
Evidence for the impact of international capital flows on the financial sector’s stability is mixed. This paper looks at the relationship between capital flows and financial stability in emerging economies.
A Contagion through Exposure to Foreign Banks during the Global Financial Crisis
This paper develops an empirical methodology to test the contagion effect at the country level using bilateral data on bank claims between countries.