The Asia Bond Monitor (ABM) reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. The ABM covers the 10 Association of Southeast Asian Nations member countries plus the People's Republic of China; Hong Kong, China; and the Republic of Korea.
The paper makes an assessment of the progress made in developing local debt markets in emerging Asia. Market development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and insufficient support from government policies and regulations. Besides fostering a credit culture to deepen local debt markets, the issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can provide the underlying collateral for expanding fixed-income markets, and hence domestic and regional investment opportunities.
The 2010 Annual Report of the Board of Directors to the Board of Governors of the Asian Development Bank (ADB) reviews ADB's operations, projects, internal administration, financial management and includes a separate report on the activities of the Special Funds of ADB. The report also contains chapters on regional, sectoral and thematic highlights. It also includes the complete financial statements and opinions of the independent auditors, a statistical annex, and appendixes.
The great geopolitician, Halford J. Mackinder, had the dream that Monsoon Asia, when it grows to prosperity, will balance those who “live between Missouri and the Yenisei.” In Asia in Post-Western Age, Niraj Kumar offers a vivid picture of the global distribution of material power and the emergence of three pan-regions, envisaged by German Nazi geopolitician, Karl Haushofer, fuelled by the logic of regionalised globalisation. These pan-regions will be glued by corresponding Pan-Ideas of Atlanticism, Eurasianism and Asianism. The trialectics between these three pan-regions will establish harmony and balance. The diplomacy in multipolar world will no longer be deciphered through the sports metaphor of chess, football or boxing, but the universal game of hopscotch. Asia in Post-Western Age is an indispensable interdisciplinary work about contemporary global conflicts as well as future trends, and proposes a way to establish Kant’s “perpetual peace.”
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
After the collapse of the Soviet Union expectations were high that a 'new world order' was emerging in which Russia and the other former Soviet republics would join the Western community of nations. That has not occurred. This volume explains the reasons for this failure and assesses likely future developments in that relationship
This 2015 Article IV Consultation highlights that the growth of Hong Kong Special Administrative Region is expected at 2.25 percent in 2015, with domestic demand acting as the principal source of momentum. Growth is likely to pick up modestly to 2.5 percent in 2016, with a smaller drag from external demand reinforcing resilient domestic demand. Inflation has declined and is expected to remain below 3 percent in 2015–16 on softer commodity prices. The current account has dropped to about 2.5 percent of GDP, but is projected to improve to about 3.5 percent over the medium term as the global economy recovers.
As the 15-year Millennium Development Goals approach their conclusion, we can now measure their larger successes and failures in more than ?snapshot? fashion; and we can begin to consider how best to shape the international development agenda for the coming decades based on what we have learned. But the performance and outlook for the MDGs can neither be reduced to the sum of its eight goals, nor be divorced from international dynamics - the hard interests of states and other actors, and the global dynamics that impact on both. For that reason, this volume balances contextual analysis, the role of formative and constraining forces, the importance of normative considerations and illuminating case studies to deliver a study of the MDGs which has depth and nuance as well as breadth. Poised between judging the recent performance and the future promise of the MDGs, this book is substantial, provocative and timely.This book was published as a special issue of Third World Quarterly.
This book offers an assessment of the different monetary and fiscal policy responses that have been implemented by national governments in major European and Asian countries faced with the Covid-19 crisis since 2020; it also deals with the case of the US experience as a benchmarking example. The book provides a comprehensive cross-country comparative study on health crisis management at the macroeconomic level. Its focus on monetary and fiscal policies across different countries in Asia, Europe and the USA makes it unique. Divided into three parts following a general introduction that sets the context of the study, the book deals with the case of the USA, EU and European countries as well as with that of key Asian countries. Of specific relevance is the European Union and euro-area contexts that serve as a framework to the different EU national monetary and fiscal policy responses. Each chapter deals with a specific country, including Italy and the UK in Europe and Singapore and South Korea in Asia, and covers the following topics: the extent of the outbreak of the public health crisis and its macroeconomic impact; the comparative examination of fiscal and monetary policy responses to both crises; and an overall assessment of the effectiveness of these policies along with the public health policy to mitigate the economic impact. Given the unprecedented nature of the Covid-19 crisis, anyone eager to know more about its macroeconomic impact and ensuing policies in a comparative framework will be keen to read this book. It will be essential reading to any researcher, policy maker and/or analyst working in the area of public policy and is also a unique contribution to the field of European studies, Asian studies and Comparative Economic Studies.