The 1997–1998 Asian financial crisis highlighted shortcomings in Asian financial markets, notably the underdevelopment of domestic bond markets and deficiencies in corporate governance, transparency and financial regulation. Since then, Asian financial markets have made considerable progress. This book highlights the challenges imposed by the recent global financial crisis—(i) preventing financial ...

Monetary and Currency Policy Management in Asia draws lessons from the financial crisis of 1997–1998, and the global financial crisis of 2007–2009 and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. This ...

Effective pension management, financial education curricula in schools, internationally comparable data on financial literacy and the evaluation of the effectiveness of financial education programs are highlighted in this book. Surveys show that financial literacy levels are typically low around the world, despite the widening access to financial services and the increasing financial risks borne by ...

This major book from ADBI Press aims to provide the latest scientific evidence on infrastructure investment, including new ideas as to how to finance infrastructure. The editors believe the 500-page book will make an important contribution to help Asia and the Pacific region close their infrastructure gap and continue on the path to prosperity.

Mission incomplete! This phrase neatly captures the progress made by the Bank of Japan (BOJ) in reflating the economy. In April 2013, under its new governor, the BOJ launched an unprecedented quantitative and qualitative monetary easing policy. Haruhiko Kuroda was certain that the 2% price stability target would be achieved within 2 years. About 4 years later, the BOJ lags behind other major central ...

Central banks are facing a range of growing challenges that have arisen from recent trends in aging populations, low productivity, and new technology and innovation. Growing Central Bank Challenges in the World and Japan offers insights for central banks looking to tackle the most pressing challenges under the global spotlight, starting with low inflation and its related impacts on unconventional ...

Macroeconomic Stabilization in the Digital Age provides insights into factors affecting the macroeconomic management of the economy in the digital age. Policy makers need to be aware of the increasing prominence of the digital economy and digital finance and seek to understand better how continued digitalization will affect policies aimed at managing the economy. For emerging market economies (EMEs), ...

The objective of this book is to take stock of the challenges faced by SMEs in the CAREC landlocked economies in terms of their access to finance in view of the above-mentioned constraints. This includes identifying cultural, procedural, institutional, and regulatory incentives, disincentives, and barriers faced by SMEs to access finance, and the reasons for the lack of such access. The study also ...

In light of the evolving global economic order and the experiences of the global financial crisis of 2008–2009, this book addresses the important question of how Asia’s regional architecture for economic and financial surveillance, financial safety nets, and crisis management can be strengthened and meshed with those of the International Monetary Fund (IMF) and the Financial Stability Board to ...

Tax and Development: Challenges in Asia and the Pacific is an anthology by contributors who have been involved in the activities of the Asian Development Bank (ADB) and the ADB Institute on fiscal policy and taxation in various capacities. While the contributors have different backgrounds, they have worked for one common cause, namely, the development of the Asia and Pacific region with respect to ...