Policies that promote wellness can help Asians navigate the uncertain, stressful COVID-19 world and achieve a better post-pandemic lifestyle.
Prior to joining ADB in 2007, Donghyun was a tenured associate professor of economics at Nanyang Technological University in Singapore. He has a PhD in economics from UCLA in the US, and his main research fields are international finance, international trade, and development economics. His research, which has been published extensively in journals and books, revolves around policy-oriented topics relevant for Asia’s long-term development, including the middle-income trap, service sector development, and financial sector development. Dr. Park plays a leading role in the production of Asian Development Outlook and Asia Bond Monitor, two major ADB flagship publications.
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Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems.
Asian regulators and policy makers should undertake prudential financial supervision and regulation to improve the quality of private debt and reduce the risk of financial instability in the future.
Финтех - слияние финансов и современных технологий - может изменить ситуацию в сторону всеобъемлющего экономического роста в условиях пандемии.
Fintech – the fusion of finance and technology – could be a game-changer for inclusive economic growth amidst the pandemic.
The right policies can bring a new golden age of innovation for developing countries in Asia.
These charts illustrate how Asian and global stock markets reacted to the COVID-19 pandemic, with market reaction closely following local outbreaks and then moving in unison with global markets amid other shocks.