ASEAN+3 Macroeconomic Research Office

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ASEAN+3 Macroeconomic Research Office

About Us
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. Read more

Who We Are

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Annual Reports

AMRO Factsheet

AMRO Agreement

What We Do

Surveillance

Regional Financing Arrangements (RFA)

Technical Assistance

Regional Knowledge Hub

ASEAN+3 Finance Process
Publications
AMRO’s publications aim to identify risks to economic growth and stability and to prescribe policies to address those risks. Read more

ASEAN+3 Regional Economic Outlook (AREO)

ASEAN+3 Financial Stability Report (AFSR)

Annual Consultation Reports

Policy Position Papers

AMRO History Book

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Other Research

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Read the commentaries and opinion pieces by AMRO staff and officials on pressing economic and policy issues. Read more

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Get the latest updates on ASEAN+3 macroeconomic and financial developments and learn more about AMRO's activities Read more

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Member Economies
AMRO’s member economies comprise the 10 member states of the Association of Southeast Asian Nations (ASEAN), and China; Hong Kong, China; Japan; and Korea. Read more

Brunei Darussalam

Cambodia

China

Hong Kong, China

Indonesia

Japan

Korea

Lao PDR

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam
Work With Us
Work with AMRO to contribute to the macroeconomic and financial resilience and stability of the ASEAN+3 region. Read more

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Policy Position Papers

Opportunities and Challenges of Financial Digitalization: A New Perspective on ASEAN+3 Regional Financial Cooperation

May 2, 2023

Alex Liyang Tang, Chiang Yong (Edmond) Choo, Hoang Nam Nguyen, Li Lian Ong, Prashant Pande, Toàn Long Quách, Yin Fai Ho

Financial digitalization (FinDig) is changing the landscape of the international monetary and financial system.

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History book

Trauma to Triumph: Rising from the Ashes of the Asian Financial Crisis

May 24, 2022

Diwa C. Guinigundo, Hoe Ee Khor, Masahiro Kawai

This book takes stock of and analyzes the events during the Asian financial crisis (AFC) and subsequent developments, including the global financial crisis (GFC).

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Policy Position Papers

Capital Flow Management and Macroprudential Policy Measures in the ASEAN+3: Initial Recommendations

March 17, 2022

Laura Grace Gabriella, Li Lian Ong

The role of capital flows and how they are managed have been controversial issues for ASEAN+3 emerging market economies since the Asian financial crisis.

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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.

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