A Small Open Economy Model to Assess Macroeconomic Policy Performance: The Case of Korea
This paper estimates and simulates a small open economy model for assessing Korea's monetary and fiscal policy performance between 2005 and 2022.
Post-COVID Central Bank Balance Sheet Normalization and Its Implications: The Case of ASEAN-4 Economies
This paper sheds light on pandemic-related central bank balance sheet tools and ensuing normalization, with a particular focus on ASEAN-4 economies.
A Small Open Economy Model to Assess Macroeconomic Policy Performance: The Case of the Philippines
This paper develops a prototype macroeconomic model for assessing monetary and fiscal policy in the Philippines.
Assessing Policy Performance in Thailand in a Dynamic Stochastic General Equilibrium Framework
This paper provides an analysis of policy performance coming from Bayesian estimation and simulation of a Dynamic Stochastic General Equilibrium (DSGE) model for Thailand.
Cryptocurrencies and Banking Sector Connectedness: Don’t Worry, Be Happy … for Now
Growing involvement of the traditional banking system with the crypto ecosystem raises concerns about systemic risk and financial stability.
A Small Open Economy Model to Assess Macroeconomic Policy Performance: The Case of Malaysia
This paper develops a prototype macroeconomic model for assessing monetary and fiscal policy in a small emerging-market open economy. We then use this model to evaluate the performance of monetary and fiscal policies in Malaysia between 2005 and 2021.
The Bank Vulnerability Index: A Health Check on ASEAN+3 Banks and Banking Sectors
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.
Insights into Credit Loss Rates: A Global Database
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…
Local Stress Index and Capital Flows at Risk in ASEAN-4 and Korea
This paper quantifies the likelihood of spillovers to emerging ASEAN-4 economies and Korea from shifts in US monetary policy.
Introduction to the Large-Scale AMRO Global Macro-Financial (DSGE) Model
This paper provides a comprehensive and systematic introduction to the Large-Scale AMRO Global Macro-Financial DSGE Model (AGMFM).