Tag Archives | COVID-19
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. This has sparked fears of sharp capital outflows from emerging market economies (EMEs) and currency depreciations, as occurred during the “taper tantrum” episode of May 2013. At that time, emerging markets reacted abruptly to the announcement by the Fed that it may wind down its quantitative easing program, signalling tighter monetary policy (Sahay et al.

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Governance and public sector management, Health, Poverty, Social development and protection

Lessons for the informal sector from COVID-19

Lessons for the informal sector from COVID-19
The informal sector, which employs over 62% of the global population, is a fundamental source of livelihood for over 2 billion people (ILO 2020). Here, “employment” includes self-employment, and the informal sector refers to the part of the economy that is generally not monitored by a tax authority or other forms of government. Before the outbreak of the coronavirus disease (COVID-19), the informal sector accounted for 87.7%, 51.5%, and 55.7% of the population in low-, middle-, and high-income countries, respectively (ILO 2018a).

Economics, Finance sector development, Health, Social development and protection

Remittance inflows giving resilience to Bangladesh’s rural economy amid COVID-19

Remittance inflows giving resilience to Bangladesh’s rural economy amid COVID-19
While the World Bank has identified Bangladesh as one of only three big economies that had increases in remittance inflows in 2020, along with Pakistan and Mexico (Ratha et al. 2020), and remittances have long made up a substantial share of people’s income in the country, preliminary results from a recent study supported by the Asian Development Bank Institute (ADBI) finds surprising resilience for remittance inflows into the rural economy during the first wave of the coronavirus disease (COVID-19) pandemic in Bangladesh.

Governance and public sector management, Health, Industry and trade

Rethinking the impact of the lockdown on micro, small, and medium-sized enterprises in the Philippines

Rethinking the impact of the lockdown on Filipino micro, small, and medium-sized enterprises
The National Capital Region (NCR) and four provinces in the Philippines have returned to enhanced community quarantine (ECQ) since 29 March 2021 due to surging cases of the coronavirus disease (COVID-19). The ECQ is the strictest measure for prohibiting the movement of people for nonessential purposes and strengthening curfews. The Philippine government moved to the ECQ, or lockdown, to contain the spread of COVID-19 quickly after the pandemic was identified in March 2020.

Economics, Governance and public sector management, Health

Can closing borders shut out new COVID-19 strains?

Can closing borders shut out new COVID-19 strains?
In fighting the coronavirus disease (COVID-19) pandemic and, in particular, the new strains that are emerging, many countries have adopted the dual approach of closing borders and increasing domestic surveillance. This might be overkill. In fact, the latter might suffice.

Economics, Health, Regional cooperation and integration

Toward an ASEAN COVID-19 travel balloon

Toward an ASEAN COVID-19 travel balloon
While financial markets have responded strongly to the emergency-use authorization of various coronavirus disease (COVID-19) vaccines in several countries, the economic impacts will take much longer to materialize. One reason for this is that vaccinating 60% or more of populations to achieve herd immunity will take time. Reaching herd immunity is critical given the possibility that those vaccinated may still be infectious, despite being immune to the disease.

Economics, Governance and public sector management, Health, Social development and protection

Toward a robust economic recovery from COVID-19 in Asia and the Pacific

Toward a robust economic recovery from COVID-19 in Asia and the Pacific
The coronavirus disease (COVID-19) pandemic has been a truly global shock to public health, causing one of the most severe global economic downturns since the Great Depression of the 1930s. Against this context, the 2020 ADBI Annual Conference brought together leading academics, think tank researchers, and policy makers to discuss the impacts of COVID-19 and its policy implications, with a focus on Asia and the Pacific.

Economics, Finance sector development, Health

COVID-19 and policy responses through the lens of global asset markets and capital flows

COVID-19 and policy responses through the lens of global asset markets and capital flows
The coronavirus disease (COVID-19) pandemic and the resulting lockdowns have led to an unprecedented economic contraction and turbulence in financial markets, which initially caused the largest ever outflows of portfolio capital from emerging market economies (EMEs). Globally, governments have responded to the crisis with substantial fiscal stimulus packages. In addition, central banks around the world have eased monetary policies, with many EME central banks also implementing quantitative easing (QE) measures for the first time.

Health, Water

COVID-19 reminds us to prioritize “water supply, sanitation, and hygiene” (WASH) to reduce child mortality

COVID-19 reminds us to prioritize “water supply, sanitation, and hygiene” (WASH) to reduce child mortality
The coronavirus disease (COVID-19) has registered 959,116 deaths worldwide as of 21 September 2020. While the number is alarming, it is still not large compared with the 5.2 million children who died due to various causes in 2019, according to UNICEF. COVID-19 reminds us how much child mortality continues to be a significant challenge for global health and the global economy. In addition to the loss of human lives, the economic consequences are also significant.

Energy, Regional cooperation and integration

Diversification of solar PV suppliers for sustainable energy during the COVID-19 crisis

Diversification of solar PV suppliers for sustainable energy during the COVID-19 crisis
Experts are increasingly acknowledging the vulnerability of the global solar photovoltaic (PV) value chain due to the concentration of manufacturing capacity in only a few countries, such as the People’s Republic of China (PRC) (Zhai 2020). In Japan, although solar power comprised only 7% of the country’s total power generation in 2018, it contributed to one-third of power from renewable sources. Given this high share of solar power in renewable energy sources, disruption in the availability of solar PV may have adverse consequences on the sustainability of renewable energy power generation.