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
- Germany, France vow support for GreeceChannel News Asia22 May 2012
- Euro area construction output up by 12.4 percentIHB Fordaq Network21 May 2012
- Japan all industry activity declines for third monthRTT News21 May 2012
- Japan March key index revised to +1.5 points versus preliminary +1.3 points mninews.deutsche-boerse.com21 May 2012
- Malaysia unemployment rate drops in MarchRTT News21 May 2012
- Philippines posts budget surplus of 31.02 billion pesos in AprilXinhua News Agency21 May 2012
More
- ASEAN, US open Manila[, Philippines] meet on strengthening cooperationInquirer.net22 May 2012
- US looks to Asia-Pacific for exportsBusiness Times22 May 2012
- Bangko Sentral ng Pilipinas reviews investments in Asian Bond FundManila Bulletin21 May 2012
- Emissions cut hiatus slows work to limit warmingReuters21 May 2012
- India to sign gas sale purchase agreement with Turkmenistan on 23 MayThe Economic Times21 May 2012
- Japan, Myanmar start investment treaty talksBusiness Recorder21 May 2012
More
- GER PPI ▼ (Apr2012) 2.4 % y-o-y
Germany
Producer Price Index
April 2012
2.4 % year-on-year▼ from previous period - HKG Unemployment ▬ (Apr2012) 3.3 % sa
Hong Kong, China
Unemployment Rate
April 2012
3.3 % seasonally adjusted▬ from previous period - JPN GDP ▲ (Q12012_P) 2.7 % y-o-y
Japan
Gross Domestic Product
1stQuarter 2012, preliminary estimate
2.7 % year-on-year▲ from previous period - JPN IPI ▲ (Mar2012_F) 14.2 % y-o-y
Japan
Industrial/Manufacturing Production Index
March 2012, final estimate
14.2 % year-on-year▲ from previous period - JPN Total Capacity Utilization ▼ (Mar2012_F) 107.3
Japan
Total Capacity Utilization
March 2012, final estimate
107.3▼ from previous period - SIN Electronic Exports ▼ (Apr2012) 1.0 % y-o-y
Singapore
Electronic Exports
April 2012
1.0 % year-on-year▼ from previous period - SIN Non-oil Domestic Exports ▲ (Apr2012) 8.3 % y-o-y
Singapore
Non-oil Domestic Exports
April 2012
8.3 % year-on-year▲ from previous period - US Jobless Claims ▼ (May W12012) 322.8 Th
United States
Jobless Claims
May W1 2012
322.8 Th▼ from previous period - US Leading Indicator ▼ (Apr2012) 95.5
United States
Leading Indicator
April 2012
95.5▼ from previous period - EA CPI ▼ (Apr2012) 2.6 % y-o-y
Euro Area
Consumer Price Index
April 2012
2.6 % year-on-year▼ from previous period
Regional highlights
Events
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The Joint Statement of the 15th ASEAN+3 Finance Ministers and Central Bank Governors' Meeting
AMRO3 May 2012 -
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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How Can Asia Respond to Global Economic Crisis and Transformation?
Asian Development BankMay 2012 -
Building International Climate Cooperation
World Resources InstituteMay 2012 -
Exchange Rate Coordination in Asia: Evidence using the Asian Currency Unit
Asian Development Bank InstituteApr 2012 -
Addressing Climate Change and Migration in Asia and the Pacific
ADBMarch 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
23 May 2012
- US Housing Prices
- MAL CPI
- SIN CPI
- SIN CPI
- TAP IPI
- US New Home Sales
- JPN Monetary Policy
24 May 2012
- TAP GDP
- HKG Exports
- HKG Imports
- HKG Trade Balance
- US Durable Goods Orders
- US Jobless Claims
- EA PMI
- EA PMI
- EA PMI
- GER Business Confidence
- VIE CPI
- VIE Exports
- VIE Imports
- VIE Trade Balance
25 May 2012
- PHI Imports
- PHI Trade Balance
- JPN CPI
- KOR Consumer Confidence
- US Consumer Confidence
- VIE IPI
- VIE Retail Sales
view economic data calendar
- UN Climate Change Conference May 2012May 14 - May 25United Nations Framework Convention on Climate Change
Bonn, Germany - 44th Annual Air Pollution Workshop and Joint MeetingMay 18 - May 27apworkshop.org
Kaunas, Lithuania - Fourth ASEM Environment Ministers' MeetingMay 22 - May 23ASEM Infoboard
Ulaanbaatar, Mongolia - 4th Meeting of the ASEAN Working Group on Environmental EducationMay 29 - May 30ASEAN
Vientiane, Lao PDR - 7th ASEAN Wildlife Enforcement Network MeetingMay 29 - May 30ASEAN
Singapore - Diesel Emissions Conference 2012 and AdBlue ForumMay 30 - Jun 01Clean Air Initiative for Asian Cities
Dusseldorf, Germany
view Regional Cooperation
events calendar
Daily Market Watch
| Currency Per US$ | Latest Closing1 | %Chg2 |
| Euro | 0.78 | 0.25 |
| Japanese yen | 79.31 | -0.35 |
| Bangladeshi taka | 81.90 | 0.00 |
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| Stock Indices | Latest Closing1 | %Chg2 |
| Dow Jones Ind Avg | 12,504.48 | 1.09 |
| Nasdaq | 2,847.21 | 2.46 |
| S&P 500 | 1,315.99 | 1.60 |
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| Commodity Prices | Latest Closing1 | %Chg2 |
| All Metals | 274.03 | 0.00 |
| Aluminum | 2,005.25 | -1.13 |
| Brent Oil | 110.30 | 2.15 |
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| Overnight Interbank rates+ |
Latest Closing1 | %Chg2 |
| PRC | 1.81 | -0.01 |
| Hong Kong, China | 0.30 | 0.00 |
| India | 8.27 | 0.10 |
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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 | ||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
| 0.59 | 0.58 | 0.65 | 0.73 | 0.94 | 0.77 | 0.79 |
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 |
