Established in 2011 by ASEAN+3 Finance Ministers, the ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization that aims to contribute to the macroeconomic and financial resilience and stability in the ASEAN+3 region.
This issue analyzes China’s and ASEAN’s trade performance to assess (1) if their respective contributions have materially changed; and (2) China’s changing comparative advantage across sectors and how the rest of the region may be adjusting to benefit from it.
The United States passed the Inflation Reduction Act of 2022 (IRA), which includes a controversial incentive to accelerate the adoption of electric vehicles (EVs) produced domestically. This analytical note examines the potential implications of the IRA for the ASEAN+3 EV industry and members’ growth strategy going forward.
Continue ReadingThe US Inflation Reduction Act and ASEAN+3 Electric Vehicle Exports Mountain or Molehill?
The ASEAN+3 region faces several hazards due to changing climate patterns. More frequent and/or intense climate-related disasters are likely in the future, which will threaten the region’s natural capital and…
This paper formulates a Bank Vulnerability Index (BVI) for ASEAN+3 banks and banking systems to facilitate the early detection of vulnerabilities for a more informed approach to surveillance and policymaking.
Continue ReadingThe Bank Vulnerability Index: A Health Check on ASEAN+3 Banks and Banking Sectors
Credit risk has played a significant role in many financial crises, including the global financial crisis. The COVID-19 pandemic also highlighted bank credit losses to the private sector. However, there…