Our empirical evidence indicates that PRC corporate bond credit spreads are significantly related to both micro and macro risk factors.
The region’s infrastructure bond market is still at a nascent stage.
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
Urgent action is needed to reduce leverage levels in case US interest rates rise faster than expected.
It’s high time for emerging Asian markets to prepare themselves for the tighter global financial conditions that Fed balance sheet normalization entails.
To withstand external shocks and sustain growth, middle-income countries need to get the basics right on manufacturing, currency management, and education.
The Fed’s rate hike won’t have much impact in emerging Asia, at least in the short term.
The region's strong fundamentals limit the risk of foreign exchange volatility.
Widely accepted definitions and standards of greenness will help green bond markets grow and become more accurately priced.
Amid uncertainty over the evolution of the PRC-US trade dispute, markets in the region are taking a wait-and-see stance.