ADB Working Paper Series on Regional Economic Integration No. 97: Determinants of Local Currency Bonds and Foreign Holdings—Implications for Bond Market Development in the People's Republic of China
May 2012
In this paper, K.H. Bae identifies the determinants of cross-country differences in bond market development and draws policy implications that are pertinent to the PRC bond market. Read more. View other working papers.
Asia Bond Monitor - April 2012
26 Apr 2012
Emerging East Asia's local currency bond markets expanded 7.0% to $5.7 trillion in 2011, driven by double-digit growth in the region's corporate bond markets, according to the latest edition of the ADB's Asia Bond Monitor. Download report.
Dealing with the “Noodle Bowl” of Asia’s Free Trade Agreements
24 Apr 2012
Masahiro Kawai and Ganeshan Wignaraja discuss the impact of Asia’s "noodle bowl"of Free Trade Agreements (FTA) on businesses based on firm-level surveys in seven countries. Read more.
ADB Working Paper Series on Regional Economic Integration No. 96: Why Do Imports Fall More than Exports Especially During Crises? Evidence from Selected Asian Economies
April 2012
H. Chink Tang examines this question by estimating a standard import demand equation augmented with differential and time-varying components of the aggregate demand and finds that falls in imports are largely but not solely due to falling exports alone. Read More. View other working papers.
Organized by the Asian Development Bank and Kunming Municipal Government, Yunnan Province, People's Republic of China
26-27 March 2012
The Kunming conference brought together for the first time officials representing all ADB developing member countries integrally involved in regional cooperation and integration initiatives to share best practices and future challenges. Download proceedings.
ADB Working Paper Series on Regional Economic Integration No. 95: Measuring Commodity-Level Trade Costs in Asia - The Basis for Effective Trade Facilitation Policies in the Region
April 2012
In this paper, Hamanaka and Domingo suggest that the use of trade statistics in conjunction with the World Bank’s Doing Business Report’s trade cost data is helpful in designing sector-specific trade facilitation policies. Read More. View other working papers.
What's New
- IMF chief raises possibility of Greece's orderly euro exitGMA News Online16 May 2012
- Japan's growth seen peaking as Bank of Japan pressed to stimulateBloomberg16 May 2012
- [People's Republic of] China adds US Treasuries for second month on reserve growthBloomberg16 May 2012
- [Republic of] Korea jobless rate falls due to service jobsChannel News Asia16 May 2012
- Cautious Asia Pacific investors prefer home investments amid eurozone crisisChannel News Asia15 May 2012
- Euroarea economy avoids second recession on German GDPBloomberg15 May 2012
More
- Central Asia-South Asia 1000-megawatt project: Progress to be reviewed 16 MayBusiness Recorder15 May 2012
- Exploring opportunities for Singapore small and medium enterprises in Central [People's Republic of] ChinaChannel News Asia15 May 2012
- Hong Kong Monetary Authority promotes offshore renminbi business in Tokyo[, Japan] CRI ENGLISH.com15 May 2012
- Indian Foreign Minister calls Iran key supplier for India's energy needsFars News Agency15 May 2012
- Investment opportunities for Indian businesses in Viet NamVietnam News15 May 2012
- Iran Deputy Minister Mofatteh: Iran to promote e-commerce in West AsiaPress TV15 May 2012
More
- EA IPI ▼ (Mar2012) -2.2 % y-o-y
Euro Area
Industrial/Manufacturing Production Index
March 2012
-2.2 % year-on-year▼ from previous period - GER WPI ▲ (Apr2012) 2.4 % y-o-y
Germany
Wholesale Price Index
April 2012
2.4 % year-on-year▲ from previous period - IND WPI ▲ (Apr2012) 7.2 % y-o-y
India
Wholesale Price Index
April 2012
7.2 % year-on-year▲ from previous period - JPN PPI ▼ (Apr2012_P) -0.2 % y-o-y
Japan
Producer Price Index
April 2012, preliminary estimate
-0.2 % year-on-year▼ from previous period - PRC Fixed Asset Investment ▼ (Apr2012) 20.2 % y-o-y (year-to-date)
People's Republic of China
Fixed Asset Investment
April 2012
20.2 % year-on-year▼ from previous period
year-to-date - PRC IPI ▼ (Apr2012) 9.3 % y-o-y
People's Republic of China
Industrial/Manufacturing Production Index
April 2012
9.3 % year-on-year▼ from previous period - PRC Retail Sales ▼ (Apr2012) 14.1 % y-o-y
People's Republic of China
Retail Sales
April 2012
14.1 % year-on-year▼ from previous period - GER CPI ▬ (Apr2012_F) 2.1 % y-o-y
Germany
Consumer Price Index
April 2012, final estimate
2.1 % year-on-year▬ from previous period - HKG GDP ▼ (Q12012_P) 0.4 % y-o-y
Hong Kong, China
Gross Domestic Product
1stQuarter 2012, preliminary estimate
0.4 % year-on-year▼ from previous period - IND IPI ▼ (Mar2012) -3.5 % y-o-y
India
Industrial/Manufacturing Production Index
March 2012
-3.5 % year-on-year▼ from previous period
Regional highlights
Events
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Joint Statement of the 8th BIMP-EAGA Summit
ASEAN4 April 2012 -
Joint Statement of the 6th IMT-GT Summit
ASEAN4 April 2012 -
Phnom Penh Agenda for ASEAN Community Building
ASEAN3 April 2012 -
RCI Digest Special Feature: Pacific Regional Department (PARD)
OREI - ADBJanuary - February 2012
Studies
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Addressing Climate Change and Migration in Asia and the Pacific
ADBMarch 2012 -
Pacific Economic Monitor
ADBMarch 2012 -
GMS 2020: Balancing Economic Growth and Environmental Sustainability (Conference Materials)
GMS20-21 February 2012 -
Regional and Global Monetary Cooperation
ADBIFebruary 2012
Speeches
- Transforming Asia in an Era of Global Change: Challenges and OpportunitiesHaruhiko Kuroda4 May 2012ADB 45th Annual Meeting of the Board of GovernorsManila, Philippines
- Opening Remarks: How Can Asia Respond to Global Economic Crisis and Transformation?Haruhiko Kuroda3 May 2012ADB 45th Annual Meeting: Governors' SeminarManila, Philippines
- Opening Remarks: ADBI and ADB Seminar on Climate Change and Green AsiaHaruhiko Kuroda3 May 2012ADB 45th Annual Meeting: ADBI and ADB Seminar on Climate Change and Green AsiaManila, Philippines
- Opening Remarks: ASEAN, the PRC and India—The Great Transformation?Haruhiko Kuroda2 May 2012ADB 45th Annual Meeting: ADB/ADBI Book Launch of "ASEAN, the PRC and India—The Great Transformation?"Manila, Philippines
More
Watch and Listen ►
Ahead of the discussion at ADB's Annual Meeting, Office of Regional Economic Integration Head Iwan Azis speaks about how Asia's emerging economies can handle future economic crises and transformation.
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Confronting Asia's Rising Inequality
ADB11 Apr 2012 -
Threats of Europe, US Recessions Hang over Asia
ADB6 Dec 2011 -
Economic Policy Key in Asia
CNBC17 Oct 2011
More
Calendar
17 May 2012
- JPN GDP
- JPN Total Capacity Utilization
- HKG Unemployment
- SIN Exports
- SIN Exports
- US Leading Index
- US Jobless Claims
- US Monetary Policy
18 May 2012
- GER PPI
21 May 2012
- THA GDP
- JPN Leading Index
- THA Exports
- THA Imports
view economic data calendar
- Seamless Transport: Making ConnectionsMay 02 - May 04Clean Air Initiative for Asian Cities
Leipzig, Germany - High Level Financial Round Table for the Coral Triangle InitiativeMay 03 - May 03coraltriangleinitiative.org
Manila, Philippines - Workshop on Climate Change Projects under ASEAN-India Green FundMay 07 - May 09ASEAN
Bangalore, India - 8th Air Quality Management City Workshop of CAI-Asia [People''s Republic of] China NetworkMay 07 - May 08Clean Air Initiative for Asian Cities
Zhongshan International Hotel, Hangzhou, People's Republic of China - 13th Meeting of the Technical Working Group on Transboundary Haze Pollution (TWG-Southern)May 07 - May 07ASEAN
Bandar Seri Begawan, Brunei Darussalam - 2nd Ministerial Steering Committee Forum on Transboundary Haze PollutionMay 08 - May 09ASEAN
Bandar Seri Begawan, Brunei Darussalam
view Regional Cooperation
events calendar
Daily Market Watch
| Currency Per US$ | Latest Closing1 | %Chg2 |
| Euro | 0.79 | -0.74 |
| Japanese yen | 80.18 | -0.35 |
| Bangladeshi taka | 81.90 | 0.00 |
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| Stock Indices | Latest Closing1 | %Chg2 |
| Dow Jones Ind Avg | 12,632.00 | -0.50 |
| Nasdaq | 2,893.76 | -0.30 |
| S&P 500 | 1,330.66 | -0.57 |
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| Commodity Prices | Latest Closing1 | %Chg2 |
| All Metals | 272.20 | -0.39 |
| Aluminum | 1,983.25 | 0.01 |
| Brent Oil | 111.72 | 0.65 |
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| Overnight Interbank rates+ |
Latest Closing1 | %Chg2 |
| PRC | 1.87 | -0.05 |
| Hong Kong, China | 0.30 | 0.00 |
| India | 8.26 | -0.05 |
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Integration Indicators ►
Intraregional trade share (in percentage)
| 2006 | 2007 | 2008 | 2009 | 2010 | |
| Asia | 57.5 | 57.1 | 56.2 | 57.3 | 59.3 |
| Developing Asia | 46.1 | 46.2 | 44.9 | 45.5 | 47.3 |
Intraregional trade intensity index
| 2006 | 2007 | 2008 | 2009 | 2010 | |
| Asia | 2.0 | 2.0 | 2.0 | 1.9 | 1.8 |
| Developing Asia | 2.1 | 2.1 | 2.0 | 1.8 | 1.8 |
sources & notes
Intraregional FDI flow (in USD billion)
| 2001 | 2002 | 2003 | 2004 | 2005 | |
| Asia | 44.55 | 48.11 | 47.70 | 62.56 | 62.35 |
| Developing Asia | 33.49 | 34.38 | 33.96 | 42.25 | 42.58 |
Intraregional FDI share (in percentage)
| 2001 | 2002 | 2003 | 2004 | 2005 | |
| Asia | 45.71 | 63.99 | 67.16 | 50.76 | 79.11 |
| Developing Asia | 69.44 | 99.23 | 133.16 | 51.36 | 62.89 |
sources & notes
Coefficient of variation
of 3-month money market rates
of 3-month money market rates
| A S I A | ||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
| 0.74 | 0.67 | 0.59 | 0.57 | 0.63 | 0.70 | 0.90 |
Portfolio share (in percentage)
| A S I A | ||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 |
| 9.0 | 8.4 | 9.2 | 9.7 | 11.0 | 13.3 | 16.6 |
