Major news events, as well as monetary policy uncertainties in the United States, have a significant impact on Asian currencies, but not in the way that some might expect.
Irfan A. Qureshi
Irfan works on the team that produces ADB's Asian Development Outlook and conducts macroeconomic surveillance and monitoring. Prior to joining ADB, Mr. Qureshi was an Assistant Professor of Economics at the Lahore University of Management Sciences (LUMS) in Pakistan, and a consultant for the World Bank Group. He obtained his Ph.D. in Economics from the University of Warwick in the UK.
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After 500 days of trade conflict, policy uncertainty is growing worldwide and the negative effects are being felt.
Central banks have powerful tools to affect national economies but they are being challenged by innovative financial practices
A high level of external debt is linked with decreased economic growth but there are policy options that can help economies keep growing.
The right policies can bring a new golden age of innovation for developing countries in Asia.
Families throughout Asia and the Pacific rely on money sent by relatives overseas. These remittances are threatened by the pandemic but policy actions can help.
Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems.