We need to protect the financial system from terrorism and money laundering. But the people of the Pacific should not pay the heaviest price.
Our empirical evidence for 9 Asian economies indicates that both CPI and PPI inflation have a direct effect on bond yields, although each matter differently depending on the country.
2014 is shaping up to be another challenging year for bond markets in Asia after a see-saw 2013 which saw prices rise at the start of the year, and then fall back on news that the US Federal Reserve plans to reduce or ‘taper’ its quantitative easing operations.
Did you know that there are over 2.5 billion people without any bank accounts in the world, and most of them are in Asia? And less than one quarter of the world’s 2.4 billion poor have a bank account. Managing their money using formal financial services – savings accounts, loans, insurance, and remittances -- is a wonderful, terrible, impossible dream for many, many families.
Over the past couple of decades, no one can deny that the Asia and Pacific region has represented a remarkable success story. Absolute poverty levels have fallen significantly and the region is on course to achieve a number of Millennium Development Goals (MDGs).
A well-developed services sector plays a major role in improving production efficiency and promoting technical progress and innovation. The services sector has expanded rapidly in the People’s Republic of China (PRC) since economic reform was launched in 1979, and particularly after PRC joined the World Trade Organization in 2001. However, the size of the sector as a share of GDP appears to be significantly smaller than expected based on PRC's income level and development stage.
Enabling new digital financial services models requires an open-minded approach to innovation, with sufficient certainty over the legal framework.
There’s one big element missing before we can create a truly transparent, seamless and open international trading framework.
The inclusion of an Argentine bank in ADB's Trade Finance Program is an important step toward realizing the potential for trade between Asia and Latin America.
To leverage more infrastructure development funds, India should establish a specialized institution dedicated to credit-enhancing corporate bonds.