John Beirne

About John Beirne

John Beirne is vice-chair of research and a senior research fellow at ADBI.
Author Archive | John Beirne
Finance sector development, Health, Information and Communications Technology

Fintech’s pandemic-related boost to financial inclusion, MSME resilience, and women’s empowerment in Asia

fintech-pandemic-related boost-to-financial-inclusion
Fintech has been instrumental in helping to sustain businesses and households during the COVID-19 pandemic, with scope to be an integral driver of sustainable economic development in the post-pandemic era.

Economics, Finance sector development

What can the quality of institutions tell us about macrofinancial resilience in Asia?

skyline-afternoon-lake
Asia has made substantial progress on economic development over the past 3 decades, with the quality of institutions playing an important role.

Economics, Finance sector development

Unconventional monetary policy in Southeast Asia eased market turmoil during COVID-19

city-skyline
Quantitative easing measures in Southeast Asia helped to alleviate pressure on long-term bond yields and support stability in asset markets.

Economics, Finance sector development

Plunging yen hit by widening interest rate differentials and rising commodity prices

plunging-yen
The yen’s safe-haven status has been called into question after sharp depreciations amid rising energy prices and widening global interest rate differentials relative to Japan.

Economics, Finance sector development, Industry and trade, Information and Communications Technology

Harnessing digitalization on the path to sustainable economic development in Asia

digital-city-illustration
Digitalization is helping to transform economies by enhancing economy-wide competitiveness and productivity, with trade being an important channel. The use of big data and the emergence of online platforms have further bolstered the progression of the digital economy, particularly in Asia.

Economics, Environment, Health, Industry and trade, Social development and protection, Uncategorized

COVID-19’s impact in Asia shapes blueprint for sustainable economic recovery

Illustration of man walking on a tightrope
The economic impact of the coronavirus disease (COVID-19) pandemic in Asia highlights the importance of entrenching longer-term sustainability and economic resilience into the recovery process. The macroeconomic effects of the pandemic, as well as the impact on firms and households in Asia, are featured in a new ADBI edited book, COVID-19 Impacts and Policy Options: An Asian Perspective.

Economics, Finance sector development

Should emerging Asia worry about a “taper tantrum” post-COVID-19?

should-emerging-asia-worry-about-a-taper-tantrum-post-covid-19
With an improved growth outlook in the United States (US) in the second half of 2021 as the economy recovers from the coronavirus disease (COVID-19), in part related to the substantial fiscal stimulus in the US introduced at the start of 2021, the Federal Reserve (Fed) is on course to slow down its asset purchases program, or so-called quantitative easing (QE) tapering.

Economics, Finance sector development

Foreign holdings of local currency bonds: A double-edged sword for emerging Asia

Foreign holdings of local currency bonds: A double-edged sword for emerging Asia
Local currency bond markets (LCBMs) have continued to develop in emerging Asian economies since the early 2000s, with foreign investor participation rising markedly since the global financial crisis of 2007–2008. LCBMs help to enhance domestic financial stability by enabling governments and companies to borrow in domestic currency.

Climate change, Finance sector development

Which financing sources matter for private investment in renewable energy in Asia?

Which financing sources matter for private investment in renewable energy in Asia?
The mobilization of climate finance is critical for limiting global warming to within 1.5°C and preventing catastrophic climate change (IPCC 2018). Annual green investments totaling $1.5 trillion are needed (United Nations 2017). Despite the falling cost of renewable energy technologies, energy investments remain dominated by investments in fossil fuels. In Asia and the Pacific, annual investments fell after 2017 and until 2020 remained below the 2017 level.

Economics, Finance sector development