ADB Economics Working Paper


  • Distributed Ledger Technologies for Developing Asia 

    Ferrarini, Benno; Maupin, Julie; Hinojales, Marthe (Asian Development Bank, 2017-12-30)
    This paper takes a first pass at assessing areas of implementation for distributed ledger (or blockchain) technology in the context of development finance. It identifies five use cases, including digital identity, trade finance, project aid monitoring, ...
  • Human Capital Spending, Inequality, and Growth in Middle-Income Asia 

    Abrigo, Michael R.M.; Lee, Sang-Hyop; Park, Donghyun (Asian Development Bank, 2017-12-30)
    Asia’s rapid population aging fortifies the case for strengthening human capital investments. Further, the experience of the newly industrialized economies suggests that human capital investments will be a vital ingredient of the transition from middle ...
  • Exchange Rate Dynamics and United States Dollar-Denominated Sovereign Bond Prices in Emerging Markets 

    Hui, Cho-Hoi; Lo, Chi-Fai; Chau, Po-Hon (Asian Development Bank, 2017-12-30)
    The study conducts an empirical test on dollar-denominated sovereign credit spreads in emerging markets, including Brazil, Colombia, Mexico, the Philippines, the Russian Federation, and Turkey to examine their relationship with each country’s exchange ...
  • Divergent Emerging Market Economy Responses to Global and Domestic Monetary Policy Shocks 

    Choi, Woon Gyu; Kang, Taesu; Kim, Geun-Young; Lee, Byongju (Asian Development Bank, 2017-12-30)
    We assess the effect of the United States (US) and domestic monetary policies on emerging market economies (EMEs) using a panel factor-augmented vector autoregressive model. We find a US policy rate hike outstrips a tantamount hike in EME policy rates ...

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