Entries for 'Asia Pacific'
November 7, 2017
China's corporate debt relative to GDP is the highest both historically and among the major economies. However, Chinese companies' leverage, measured
October 27, 2017
Authorities have responded to strong external positions by letting most currencies in Asia Six appreciate in 2017, although they have sought to dampen
October 26, 2017
Policy rates have bottomed out in the region, except perhaps in Indonesia and India, which came late to the easing cycle and could have room for anoth
October 26, 2017
Government announces much-needed and expanded recapitalization program for state-owned banks. Complements efforts from May aimed at speedier debt reso
October 24, 2017
The real-term FAI growth by non-SOE companies fell from 40% in 2011 to only about 2% in the past year. There are both benign and worrisome reasons beh
October 12, 2017
Prime Minister Modi has focused on advancing digital finance as an important part of his structural reform program since coming to office in May 2014.
October 6, 2017
This note discusses the structures of China's external and foreign exchange balance sheet.' The liability-side of the external and FX balance sheet is
October 5, 2017
After several weak years, Emerging Asia exports of goods and services are rebounding, as evident from strong volume expansion from late 2016, while Q2
October 3, 2017
President Moon's ambitious agenda is focused on achieving sustainable growth of 3% a year by addressing structural challenges, including lifting wages
October 3, 2017
Non-resident capital flows to EMs are projected to rise to $1.1 trillion in 2017 and $1.2 trillion in 2018. China resident outflows have slowed sharpl
September 27, 2017
Global growth has picked up in 2017 as we expected, with a synchronized recovery underway. We think the outlook for 2018 now looks firmer than in Apri
September 27, 2017
Economy hit by the demonetization and GST shocks, along with weak private investment. While temporary adverse factors should wane, the government inte
September 12, 2017
The rising trade surplus with the US and the large current account surplus prompted the Trump administration to call for a review of the KORUS FTA and
September 11, 2017
We analyze cumulative non-resident portfolio investor positioning in Asia Six using quarterly data from Q1 2013 through Q3 2017 (latest available mont
September 6, 2017
US national security concerns remain paramount following stepped-up nuclear and missile tests by North Korea.' While the US has not ruled out military
August 31, 2017
We examine how EM reserve accumulation has fared in recent years. We compare the average pace of reserve accumulation from 2010 - 2014 to that since t
August 31, 2017
Improved Performance Amid Challenges Our recent visit found the diversified economy lifted by a firming in both domestic and external demand, althoug
August 31, 2017
"¢ Markets-overlooking the risks "¢ How inflated are equity market valuations? "¢ Junk bond issuance goes boom "¢' EM rally taking on a more cautious
August 10, 2017
Markets-reassessing the pain trade Korea-facing heightened geopolitical concerns China-rebalance by trade, not trade wars EM Europe-financial conditio
August 10, 2017
The military threat from the North, following its stepped-up missile and nuclear development program, has gone well beyond the Korean peninsula to pos