In Asia’s demographic transition, let’s not forget about the elderly. The human dimension is the key to a greyer but richer and happier region.
Our empirical evidence indicates that PRC corporate bond credit spreads are significantly related to both micro and macro risk factors.
It is far too early to tell whether the current global productivity slump will persist – the current pessimism may be overdone.
Our empirical evidence for 9 Asian economies indicates that both CPI and PPI inflation have a direct effect on bond yields, although each matter differently depending on the country.
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.
The external vote of confidence in ASEAN bond markets seems to be driven by the region’s strong medium- and long-term growth prospects, which bodes well for their future beyond the short term.
Expanding the role of fiscal policy in fighting poverty and inequality should not come at the expense of fiscal sustainability.
It’s not just about broadening access to finance, but also inducing beneficial use of credit.
Declining productivity growth is one of the most disturbing and, no doubt, important phenomena affecting the world economy. The question is what lies behind it, and whether it might be reversed.
The Asian Development Outlook 2015 highlights how developing Asia’s financial development still lags the advanced economies by a wide margin despite good progress. What can we do to bridge that gap, and also ensure ensure the region’s financial sector grows in a stable, inclusive way?