Archive | June, 2015 EconomicsEnergyEducation, Regional CooperationEconomics, Finance
By Farhad Taghizadeh-Hesary, Naoyuki Yoshino, Majid Mohammadi Hossein Abadi and Rosa Farboudmanesh. Posted June 26, 2015
In recent years, the sharp increase in oil prices that began in 2001 and the two sharp declines that followed in 2008, due to the subprime mortgage crisis, and at the end of 2014–early 2015 have renewed interest in the effects of oil prices on the macro economy. Most recently, the price of oil has more than halved in a period of less than 5 months since September 2014. After nearly 5 years of stability, the price of a barrel of Brent crude oil in Europe fell from over $100 per barrel in September 2014, to below $46 per barrel in January 2015. Read more.
By Christoph Frei. Posted June 19, 2015
As we gather this week for the 2015 Asian Clean Energy Forum, the context for our meeting has changed greatly from that of last year. We have seen a dramatic drop in the price of oil, which has sent shockwaves through the entire energy sector. Volatility is the new normal, and, for a sector known for its conservative outlook, this drives those at the forefront of the energy challenge to re-evaluate traditional norms. However, we see that it is not just price shocks that keep energy leaders awake at night: extreme weather and large-scale accidents/disruptions top the list of issues facing energy leaders in Asia. Read more.
By Melissa Conley Tyler. Posted June 12, 2015
Any attempt to bridge the divide between scholars and policy-makers in international affairs is so welcome that I couldn’t help but applaud this book. The sad truth, however, is that after reading it I am even more convinced that the divide is a chasm. Read more.
The Pacific developing member countries (DMCs) of the Asian Development Bank are a heterogeneous group of economies with different levels of economic development and economic size. However, when it comes to choosing an optimal exchange rate, the Pacific DMCs face similar challenges. All of the Pacific economies are relatively small and have underdeveloped financial and exchange rate markets. Read more.
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