Economics

The effect of push/pull factors on the distribution of capital flows into Asia

The effect of pushpull factors on the distribution of capital flows into Asia
Earlier literature examined determinants of international capital flows especially during the period of high and persistent capital inflows to emerging economies during 2009–2013. The literature mainly identified the push and pull factors and explained how these factors affect the capital flows into emerging Asia “on average.” In other words, the literature calculated the effects of these factors “on the mean” of the distribution of capital flows. Read more.
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Trade

US tips WTO into deep waters

US tips WTO into deep waters
A U.S. decision to block the reappointment of Seung Wha Chang, a South Korean member of the appellate body of the World Trade Organization, has put at risk the independence and credibility of the WTO's dispute settlement mechanism -- the crown jewels of the multilateral trading system. After the de facto collapse of the Doha round of talks on further trade liberalization the U.S. move is a serious blow for the WTO. Read more.
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Economics

The pattern of capital flows into Asia in the last decade

The pattern of capital flows into Asia in the last decade
Looking at the varying patterns of the capital flows into Asia in the last decade, the period after the taper tantrum on 21 May 2013 until 31 October 2015 is of particular interest from both global and local perspectives. Read more.
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Economics

Spillover effects of quantitative easing on the Asian credit market and policy options

Spillover effects of quantitative easing on the Asian credit market and policy options
One of the most significant new developments in the global post-global financial crisis (GFC) economy is the enormous asset purchase programs implemented by central banks in the industrial world to stimulate their economies. Widely known as quantitative easing (QE) programs, their impact has been substantial. Read more.
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Economics

Asia growth pessimism is not warranted

Asia growth pessimism is not warranted
A gloomy outlook is enveloping the world’s economies. There are concerns too that countries are failing to sufficiently focus on long term policy responses to reverse the decline in global growth. Some argue that the global growth slowdown may be permanent, highlighting the danger of a period of chronically low growth, or what economists term “secular stagnation.” Read more.
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Finance

Fintech is the game-changer for financial inclusion in Asia

Fintech is the game-changer for financial inclusion in Asia
Due to innovations in financial technology and changes in the enabling environment, the number of financially excluded adults across Asia and the Pacific has dropped to about 1 billion. Increased access to affordable financial services can be a lever for Asians to smoothen consumption, manage risk and improve their lives through better savings options, access to credit, and cheaper payments or remittances. Read more.
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Trade

Why is trade finance such a big deal for SMEs?

Why is trade finance such a big deal for SMEs?
Small and medium-sized enterprise (SME) exporters have the potential to change the world. They are innovative, they are often young, and they are competitive. Yet globally, they can expect more than half (52%) of their proposals to finance trade transactions to be rejected by banks. Read more.
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Economics

Global economic dynamics and Kazakhstan’s challenges in public financial management

Global economic dynamics and Kazakhstan’s challenges in public financial management
As a highly globally integrated, resource-rich, upper-middle income country, Kazakhstan has been facing significant challenges in the current global environment. Kazakhstan’s major challenges include managing its public finances to preserve fiscal stability and generating broad-based economic growth. Read more.
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Economics

Structural reforms to sustain Asia’s growth

Structural reforms to sustain Asia's growth
Economic growth in both developing and advanced economies has slowed since the global financial crisis. Developing Asia’s growth also moderated after the crisis, to a large extent driven by the slowdown in the People’s Republic of China (PRC). The region’s economy expanded on average 7.6% annually during 2001–2010, but growth slowed to an annual average of 6.5% during 2011–2015. ADB is projecting further deceleration to 5.7% in each 2016 and 2017. Read more.
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Finance

Measuring the systemic risk contribution of international mutual funds

Measuring the systemic risk contribution of international mutual funds
During the global financial crisis of 2007–2009, the importance of the scale and correlation of entities in interconnected financial systems, especially on what have become known as “too big to fail” institutions in the global financial system, was clearly evident and spotlighted. Read more.
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