Spotlight Archives
- New Flagship Study: “Emerging Asian Regionalism – A Partnership for Shared Prosperity”July 2008ADB has released a new study detailing the emergence of a new form of regionalism in Asia that is market-led, dynamic, outward-looking, and supported by intergovernmental cooperation initiatives. The study shows that this is a positive development contributing to growth and stability not only in Asia, but also in the rest of the world. To take full advantage of the increased regional interdependence, Asian economies need to engage in closer dialogue and policy coordination. The study also proposes the creation of new regional institutions such as an Asian Financial Stability Dialogue and an Asian Secretariat for Economic Cooperation. Download the study. Order the book.
- ADB Seminar Series on Regional Economic Integration: A Pragmatic Approach to Capital Account Liberalization 24 June 2008Eswar Prasad, Cornell University, discussed whether capital account liberalization is a good thing and gave suggestions on maximizing the benefits of financial globalization. See the presentation.
- ADB Seminar Series on Regional Economic Integration: A Pragmatic Approach to Capital Account Liberalization (Tuesday, 24 June, 2:00-3:00 pm, ADB Headquarters Auditorium Zone D)19 June 2008Is capital account liberalization a good thing? It seems to have brought more pain than higher growth that its proponents promise. If financial globalization is here to stay and further de facto opening of the capital account is inevitable, what can policymakers do to maximize the benefits while minimizing the costs? These issues will be tackled by Eswar Prasad, Cornell University, based on his recent research with other prominent scholars. Confirm participation and send personal information (name, designation and affiliation) to Liza Cruz (mlscruz@adb.org) on or before 23 June 2008. Seats are limited.
- ADB Working Paper Series on Regional Economic Integration No. 17 - Real and Financial Integration in East AsiaJune 2008Soyoung Kim of Korea University and OREI Head Jong-Wha Lee find that real integration in East Asia has been accelerating. They point out that regional financial integration lags behind real integration and that financial markets in the region are more integrated with global markets than with each other. Read more.
- ADB Working Paper Series on Regional Economic Integration No. 18 - Global Financial Turmoil - Impact and Challenges for Asia's Financial SystemsJune 2008OREI's Head Jong-Wha Lee and Cyn-Young Park examine the US subprime-generated turmoil and its potential spillover on emerging Asia's financial markets. While the markets have suffered limited impact, they remain open to further contagion given underlying weaknesses in the region's financial systems. Read more.
- How to Design, Negotiate, and Implement a Free Trade Agreement in Asia May 2008The recent proliferation of free trade agreements (FTAs) in Asia and the Pacific is placing mounting strain on the region’s FTA negotiating capacity and on the knowledge and technical skills of government officials. Complementing the FTA training courses conducted by ADB, this reference book aims to increase the knowledge and capacity of officials who are actively involved in designing, negotiating, and implementing FTAs. The book consists of three parts: (i) Economics of an FTA; (ii) Coverage of an FTA; and (iii) Negotiating, Implementing, and Evaluating FTAs. Read more.
- ADB Working Paper Series on Regional Economic Integration No. 15 - The Impact of Capital Inflows on Emerging Asian Economies: Is Too Much Money Chasing Too Little Good?May 2008Soyoung Kim of Korea University and Doo Yong Yang of Korea Institute for International Economic Policy show that the surges of capital inflows in East Asia have contributed to asset price appreciation, although capital inflow shocks explain a small part of the fluctuations.
- ADB Working Paper Series on Regional Economic Integration No. 16 - Emerging East Asian Banking Systems Ten Years After the 1997/98 CrisisMay 2008Charles Adams of the National University of Singapore notes that East Asian banking has improved since the financial crisis through more foreign ownership, greater transparency, new lending, and better supervision and regulation, but argues further restructuring and reform are needed.
- Mobilizing Aid for Trade: Focus Asia and the PacificApril 2008To galvanize support from the region's successful economies to help the small and weak economies is one key message of the Mobilizing Aid for Trade: Focus Asia and the Pacific conference held in Manila in September 2007. As agreed during this event co-hosted by ADB, WTO and the Philippine Government, and as reported to the Global Aid for Trade Review in Geneva, in November 2007, the future steps in Regional Aid for Trade includes a Regional Technical Group on Aid for Trade, a succinct Proposal for Aid for Trade in Asia and the Pacific, and a study on trade performance and Aid for Trade in Asia-Pacific. Read more.
- Asia Bond Monitor April 2008April 2008The most immediate and visible fallout from the global credit market turmoil has been an increase in volatility in emerging East Asian bond markets, says the latest issue of Asia Bond Monitor, launched in Mumbai this week. Read the news release and full report.
