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.
Are Infrastructure Bonds the Next Big Thing in Infrastructure Financing?
The region’s infrastructure bond market is still at a nascent stage.
Can Asia Reach High-Income?
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
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.
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.
The Global Financial Crisis and Middle-Income Countries
To withstand external shocks and sustain growth, middle-income countries need to get the basics right on manufacturing, currency management, and education.
Fed Interest Rate Hike: How Hard Will it Hit Asia?
The Fed’s rate hike won’t have much impact in emerging Asia, at least in the short term.
Are Asian Currencies at Risk from Currency Turmoil in Argentina, Turkey?
The region's strong fundamentals limit the risk of foreign exchange volatility.
Do Greenness Standards Matter for Green Bonds? Some Empirical Evidence
Widely accepted definitions and standards of greenness will help green bond markets grow and become more accurately priced.
How Global Trade Tensions are Affecting Asian Financial Markets
Amid uncertainty over the evolution of the PRC-US trade dispute, markets in the region are taking a wait-and-see stance.