ASEAN+3 Macroeconomic Research Office

Other Research

Global Efforts to Fight the Consequences of Climate Change: the Role of Regional Financing Arrangements

March 23, 2023

Aziz Durrani, Faith Qiying Pang, Marthe M. Hinojales

This study provides an overview of steps taken by Regional Financing Arrangements (RFAs) to incorporate climate considerations into their activities, covering the areas of economic monitoring, lending, capacity building, and internal policies and operations.

Other Research

The Impact of COVID-19 on Regional Economies and Policy Responses

December 30, 2022

Seung Hyun (Luke) Hong

Faced with an unprecedented global crisis, governments across the ASEAN+3 region responded quickly to the COVID-19 pandemic and deployed strict policy measures to contain the spread of the virus.

Other Research

Regional Responses to the Covid-19: Crisis A Comparative Study from Economic, Policy, and Institutional Perspectives

November 9, 2021

Catharine Kho, Marthe M. Hinojales

This study compares responses to the Covid-19 crisis across six regions covered by Regional Financing Arrangements (RFAs), outlining the pandemic’s economic impact, policy measures implemented by authorities to limit its economic damage, and the institutional actions by the RFAs to support members through the initial stages of the crisis.

Other Research

Comovement of Institutional Equity Flows: Evidence from ASEAN+3

June 12, 2020

This paper uses a factor model to explore the driving forces of institutional equity flows in ASEAN+3 region.

Other Research

Thematic Studies

Local Currency Contribution to the Chiang Mai Initiative Multilateralisation

January 29, 2019

The Chiang Mai Initiative Multilateralisation (CMIM) has been designed to provide U.S. dollar liquidity support in response to urgent short-term liquidity difficulties and/ or balance of payments difficulties experienced by any ASEAN+3 member.

Other Research

China’s Reform and Opening-Up: Experiences, Prospects, and Implications for ASEAN

October 25, 2018

Hoe Ee Khor, Suan Yong Foo, Tanyasorn Ekapirak

Driven by strong and persistent efforts on reform and opening-up over the past 40 years (1978-2018), China has upgraded itself from a low-income to an upper-middle income country, and is poised to reach high-income status in the coming years.

Other Research

Thematic Studies

IMF-RFA Collaboration: Motives, State of Play, and Way Forward

October 10, 2018

Beomhee Han, Faith Qiying Pang

The last global financial crisis made clear that the International Monetary System needs strong financial backstops to provide crisis-time liquidity to countries hit directly by large economic shocks or affected by crisis contagion.

Other Research

Thematic Studies

Global Liquidity, Capital Inflows and House Prices in ASEAN Economies

July 14, 2017

The quantitative easing policy adopted by the advanced economies since 2009 has led to an abundance in global liquidity.

Other Research

Thematic Studies

Understanding Banking Supervisory Priorities and Capacities in ASEAN+3 Economies

April 2, 2016

Nguyen Thi Kim Cuc

Banks continue to play a dominant role in the financial sectors of ASEAN+3 economies, and banking supervisors are building capacity to meet the challenges as the banking sectors in ASEAN+3 economies become deeper and more integrated.

Other Research

Thematic Studies

Non-Financial Corporate Bond Financing in Foreign Currency: Trends and Risks in ASEAN +3 Emerging Economies

February 2, 2016

Anthony Tan, Chiang Yong (Edmond) Choo

Non-financial corporates (NFCs) in the ASEAN+3 region have benefited from greater bond issuances post the Global Financial Crisis but this also potentially exposes them to higher risks.

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