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ADBI News
Financing
2015
Volume 9
Number 2
CONFERENCE
In this issue
Financing for Development
Recent Publications
Upcoming Events
A s i a n
D e v e l o p m e n t
Currency Turbulence
and Banking Crises
B a n k
Free-floating exchange
rates are no less
crisis-prone than other
exchange rate regimes,
stressed Robert Aliber,
professor emeritus of
international economics
and finance at the Booth
School of Business,
University of Chicago,
at an ADBI seminar on
I n s t i t u t e
SEMINAR
SEMINAR
A s i a n
D e v e l o p m e n t
B a n k
I n s t i t u t e
SEMINAR
SEMINAR
SEMINAR
A s i a n
D e v e l o p m e n t
B a n k
I n s t i t u t e
WORKSHOP
WORKSHOP
POLICY DIALOGUE
A s i a n
D e v e l o p m e n t
B a n k
I n s t i t u t e
Recent Publications
A s i a n
D e v e l o p m e n t
B a n k
I n s t i t u t e
This paper discusses increasing Thailands importance as a regional co-production base and as an intra-regional trade and border trade hub.
This paper addresses why Japans economy has stagnated since the bursting of its economic bubble.
This paper discusses facilitating the financing of cross-border infrastructure investments between South Asia and Southeast Asia to support transport
and energy connectivity.
Read Working Paper 522 at www.adb.org/publications/infrastructure-nance-and-nancial-sector-development.
Regional Economic Integration and Multilateralism: The Case of the ASEAN-Australia-New Zealand FTA and the
Malaysia-New Zealand FTA
This paper looks at the AANZFTA and MNZFTA as a basis for engagement at the World Trade Organization and examines how to multilateralize the
outcomes secured through the agreements.
Read Working Paper 523 at www.adb.org/publications/regional-economic-integration-and-multilateralism-case-asean-australia-new-zealand-fta.
This paper proposes a new model to manage exchange rates in order to minimize gross domestic product (GDP) fluctuations in the Pacific.
Read Working Paper 524 at www.adb.org/publications/hard-pegs-versus-intermediate-currency-arrangements-pacic.
Using an econometric approach, this paper finds that homeowners consistently report better self-reported health and less physical problems, even
when controlling for financial assets and housing conditions.
Read Working Paper 525 at www.adb.org/publications/health-and-home-ownership-ndings-case-japan.
Housing Policies for Asia: A Theoretical Analysis by Use of a Demand and Supply Model
This paper introduces a new simple two-period housing demand model for owner-occupied and rental houses, which allows for assessing the impact
and effectiveness of different housing policies.
Read Working Paper 526 at www.adb.org/publications/housing-policies-asia-theoretical-analysis-use-demand-and-supply-model.
This paper summarizes and evaluates the progress of regional financial cooperation, particularly the Economic Review and Policy Dialogue, the CMI
and its subsequent multilateralization, and the ASEAN+3 Macroeconomic Research Office.
Read Working Paper 527 at www.adb.org/publications/chiang-mai-initiative-asian-monetary-fund.
Loan-to-Value Policy as a Macroprudential Tool: The Case of Residential Mortgage Loans in Asia
This paper analyzes the effect of LTV on mortgage lending, the direct channel of influence, using a large sample of banks in 10 Asian economies.
Read Working Paper 528 at www.adb.org/publications/loan-value-policy-macroprudential-tool-case-residential-mortgage-loans-asia.
The Response of Macro Variables of Emerging and Developed Oil Importers to Oil Price Movements
This paper assesses the impact of crude oil price movements on two macro variablesthe GDP growth rate and the consumer price index inflation rate.
Looking at the case of Germany, this paper describes how the quality of financial inclusion is impaired by low levels of financial literacy.
Read Working Paper 530 at www.adb.org/publications/nancial-inclusion-regulation-and-education-germany.
Optimal Fiscal Policy Rule for Achieving Fiscal Sustainability: A Japanese Case Study
This paper discusses the optimal rule for fiscal policy and explains how the Domar condition is obtained only from the government budget constraint
and does not take into account demand for government bonds.
Read Working Paper 531 at www.adb.org/publications/optimal-scal-policy-rule-achieving-scal-sustainability-japanese-case-study.
Comparison of Static and Dynamic Analyses on Exchange Rate Regimes in East Asia
This paper compares three methods of analyzing exchange rate regimes in East Asia: static analysis, conventional dynamic analysis, and dynamic
transition analysis.
Read Working Paper 532 at www.adb.org/publications/comparison-static-and-dynamic-analyses-exchange-rate-regimes-east-asia.
This paper studies the impact of tax-financed universal health coverage schemes on macroeconomic aspects of labor supply, asset holding, inequality,
and welfare, while taking into account features common to developing economies.
Read Working Paper 533 at www.adb.org/publications/impacts-universal-health-coverage-micro-founded-macroeconomic-perspective.
This paper assesses the case for promoting financial education in Asia. It argues that the benefits of investing in financial education can be substantial.
Read Working Paper 534 at www.adb.org/publications/nancial-education-asia-assessment-and-recommendations.
Financial Inclusion, Financial Education, and Financial Regulation: A Story from Indonesia
This paper examines the shift in Indonesias national economic development strategy from its exclusive orientation during the New Order era
before the Asian financial crisis.
Read Working Paper 535 at www.adb.org/publications/nancial-inclusion-nancial-education-and-nancial-regulation-story-indonesia.
A s i a n
D e v e l o p m e n t
B a n k
I n s t i t u t e
The experiences of Japan, the Republic of Korea, and Taipei,China raise the question of whether the PRCs economy has reached a stage where its
medium- or long-run growth is starting to slow down significantly. If so, this will have significant implications for growth, trade, and investment for
other economies.
www.adb.org/adbi/research/call-for-papers/impacts-growth-slowdown-prc-asia
Sustainable and inclusive growth requires continued public investment in infrastructure, education, health, and social services. These responsibilities,
especially with regard to infrastructure investment, need to be devolved increasingly to regional or local governments.
www.adb.org/adbi/research/call-for-papers/government-relations-scal-sustainability
Small and medium-sized enterprises (SMEs) in Asia face numerous challenges, including barriers to accessing finance, skilled workers, technology,
and domestic and foreign markets.
www.adb.org/adbi/research/call-for-papers/sme-developing-asia
The United States is expected to normalize its monetary policy soon, with profound implications for global financial conditions and capital flows.
Meanwhile, recovery in the European Union and Japan remains unclear. The uneven recovery and monetary policy divergence in advanced economies
create significant uncertainty for developing Asia.
www.adb.org/adbi/research/call-for-papers/macroeconomic-shocks-asia
Upcoming Events
2425
October
This conference will gather well-known scholars and experts on fiscal systems and fiscal policies to actively promote a discussion
on relevant issues which are expected to contribute to the theoretical and empirical literature and regional policy dialogue.
This conference will present commissioned studies that analyze the factors explaining the long-term slowdown of growth
in advanced Asian economies, such as Japan, the Republic of Korea, and Taipei,China; assess the structural factors
2526
November affecting the PRC and their implications for Chinese growth over the next decade; assess and quantify the impacts of
slower Chinese growth on growth, trade, investment, and employment in other emerging Asian economies; and propose
and assess policy measures that could offset some of the negative factors identified in the study.
ADBI Annual Conference 2015: Global Uncertainty, Macroeconomic Shocks, and Growth in Asia
3
The economic prospects for Asia and the Pacific will be a key subject to be analyzed at the conference, given the
December
uncertainties stemming from a slowdown of the PRC economy, as well as changes in monetary policy in developed countries.
A s i a n
D e v e l o p m e n t
B a n k
PublicPrivate Partnerships:
Engaging the Private Sector
CONFERENCE
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