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.
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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The region's strong fundamentals limit the risk of foreign exchange volatility.
The region’s infrastructure bond market is still at a nascent stage.
Evidence shows that green and social finance are associated with positive environmental and social outcomes and can contribute to a more sustainable world.
While the pandemic has affected the entire population, it has had a disproportionate impact on the older generation that built this region’s prosperity. We owe it to older persons to pursue policies that help them to make it through the crisis healthy and happy.
Expanding the role of fiscal policy in fighting poverty and inequality should not come at the expense of fiscal sustainability.
Research shows bigger local bond markets help countries strengthen their financial systems and their economies.