Singapore’s carbon tax is designed to maximize green investments while minimizing negative effects on the overall economy.
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 innovation, entrepreneurship, and green finance. 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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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.
The right policies can bring a new golden age of innovation for developing countries in Asia.
Fintech – the fusion of finance and technology – could be a game-changer for inclusive economic growth amidst the pandemic.
Финтех - слияние финансов и современных технологий - может изменить ситуацию в сторону всеобъемлющего экономического роста в условиях пандемии.
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.
Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems.