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.
Blog posts on "US Federal Reserve"
Asian policy makers should be worried if they see a sustained surge in corporate borrowing.
Emerging economies should take careful stock of their economic fundamentals, and intensify efforts to improve their current account and fiscal soundness.
The Fed’s rate hike won’t have much impact in emerging Asia, at least in the short term.
It’s high time for emerging Asian markets to prepare themselves for the tighter global financial conditions that Fed balance sheet normalization entails.
Urgent action is needed to reduce leverage levels in case US interest rates rise faster than expected.
A tightening cycle in US monetary policy is typically bad news for emerging Asian economies.
After years of smooth sailing through calm market conditions, bond markets in East Asia are navigating through stormier weather. ADB data released this week shows that weaker growth in the US and the PRC has weighed down overall regional growth.
Debt has ballooned in developing Asia following the 2008-2009 global financial crisis, supported by plentiful global liquidity. With the US Federal Reserve about to raise interest rates, data from the Asian Development Outlook 2015 gives a clearer picture about the possibility of a credit slowdown in the region.