Shu Tian

Senior Economist, Economic Research and Regional Cooperation Department, ADB

Shu’s research interests include financial services and institution, investments, and empirical asset pricing. She works in the teams that works that produce Asian Development Outlook and Asia Bond Monitor. Prior to joining ADB, Shu was an Associate Professor of Finance at Fudan University in the People’s Republic of China.

Janet Yellen, Chair of the US Federal Reserve.

Taper Tantrum 2.0? How Fed’s Balance Sheet Normalization Affects Asia

It’s high time for emerging Asian markets to prepare themselves for the tighter global financial conditions that Fed balance sheet normalization entails.

Donghyun Park, Arief Ramayandi, Shu Tian

If the US economy grows strongly, higher rates could drive relative interest differentials in favor of the US.

US Interest Rate Hikes: How Should Asia Respond?

Urgent action is needed to reduce leverage levels in case US interest rates rise faster than expected.

Donghyun Park, Shu Tian, Arief Ramayandi

Historically it takes a typical middle-income country over half a century to reach high income.

Can Asia Reach High-Income?

Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.

Donghyun Park, Abdul Abiad, Shu Tian, Gemma Estrada

More institutional investors in Asia will further spur the development of infrastructure bond markets.

Are Infrastructure Bonds the Next Big Thing in Infrastructure Financing?

The region’s infrastructure bond market is still at a nascent stage.

Donghyun Park, Shu Tian, Suk Hyun

Financial district in Hohhot, PRC.

What Drives Credit Spreads of PRC Corporate Bonds?

Our empirical evidence indicates that PRC corporate bond credit spreads are significantly related to both micro and macro risk factors.

Donghyun Park, Shu Tian