What Drives Asian Bond Yields? Inflation, Both CPI and PPI
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.
Can Services Sustain the PRC's Economic Growth?
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.
Is ASEAN the Next Big Growth Play for Global Bond Investors?
The external vote of confidence in ASEAN bond markets seems to be driven by the region’s strong medium- and long-term growth prospects, which bodes well for their future beyond the short term.
Asia Must Use Fiscal Policy Carefully for Inclusive Growth
Expanding the role of fiscal policy in fighting poverty and inequality should not come at the expense of fiscal sustainability.
Key Policy Areas to Achieve Financial Inclusion in Developing Asia
It’s not just about broadening access to finance, but also inducing beneficial use of credit.
The Global Productivity Slump: Common and Country-Specific Factors
Declining productivity growth is one of the most disturbing and, no doubt, important phenomena affecting the world economy. The question is what lies behind it, and whether it might be reversed.
How to Finance Stable, Inclusive Growth in Asia
The Asian Development Outlook 2015 highlights how developing Asia’s financial development still lags the advanced economies by a wide margin despite good progress. What can we do to bridge that gap, and also ensure ensure the region’s financial sector grows in a stable, inclusive way?