Regional Cooperation

Pacific economies: Leveraging the benefits of East Asian and Southeast Asian growth

Pacific economies: Leveraging the benefits of East Asian and Southeast Asian growth
With the center of global economic activity shifting rapidly from the United States and Europe toward Asia, opportunities are being generated for the Pacific developing member countries (DMCs) of the Asian Development Bank (ADB) to benefit from increasing economic interdependence with Asia. Economic transmission channels are (i) trade in goods; (ii) trade in services, in particular tourism; (iii) finance and foreign direct investment; (iv) labor and remittance flows; and (v) aid. Read more.
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Environment

Green cities: Changing the culture of waste

Green cities Changing the culture of waste
Asia’s drive to urbanize is taking an increasing toll on the environment with growing mountains of solid waste as city dwellers consume and discard resources at an ever increasing rate. If “green” cities are to be the answer to these environmental stresses then they will need to develop much more effective programs to reduce, reuse, recycle and recover waste. Read more.
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Finance

What to look out for in Asian bond markets in 2014

2014 is shaping up to be another challenging year for bond markets in Asia after a see-saw 2013 which saw prices rise at the start of the year, and then fall back on news that the US Federal Reserve plans to reduce or ‘taper’ its quantitative easing operations. Read more.
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Trade

Use of national currencies for trade settlement in East Asia: A proposal

Use of national currencies for trade settlement in East Asia: A proposal
Financial cooperation and integration in East Asia has been languishing for almost a decade. But ASEAN, the People’s Republic of China (PRC), Japan, and the Republic of Korea (henceforth, Korea), or ASEAN+3, have been more successful in promoting free trade in East Asia by establishing a number of bilateral and plurilateral free trade agreements (FTAs) with countries in the region and outside the region. Read more.
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Finance

E-commerce in Asia brings international price arbitrage opportunities

E-commerce in Asia brings international price arbitrage opportunities
Cross-border e-commerce is booming in the Asia and Pacific region. And exchange rate fluctuations play a key role in these transactions. In their quest for the best deals, consumers in the region are taking advantage of exchange rate movements, and shop abroad whenever the exchange rate is favorable. Our research proves that short-term international price arbitrage is occurring—an important finding for monetary policy and the private sector. Read more.
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