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.
Large shifts in domestic holdings of government debt can also cause instability in financial markets. Domestic banks worldwide have been accumulating government debt, a trend that intensified during the COVID-19 pandemic.
Continue ReadingChanging Composition of Sovereign Debt Holdings Can Impact Default Risk and Financial Stability
AMRO’s estimates show that market stress, which rose in 2022, broadly fell in 2023 as the Fed concluded its monetary tightening and provided indications that monetary easing could start in the next few quarters.