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.
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…
This paper quantifies the likelihood of spillovers to emerging ASEAN-4 economies and Korea from shifts in US monetary policy.
This paper provides a comprehensive and systematic introduction to the Large-Scale AMRO Global Macro-Financial DSGE Model (AGMFM).
The COVID-19 pandemic put tremendous pressure on company balance sheets in the ASEAN+3 region and elsewhere.
Japan’s sovereign credit rating has travelled along a downward trend over the last three decades, mainly due to the country’s subdued economic growth and deteriorating fiscal health.
Capital inflows help to develop financial markets and promote economic growth, but they also pose risks that may undermine financial stability.
The ASEAN+3 region has been well-equipped with various policy tools to help member economies weather the impact of the COVID-19 pandemic.
This paper takes stock of recent developments in e-money and examines concepts and risks related to e-money, as well as implications for monetary policy.
Vietnam has posted strong and robust economic growth since the opening-up of its economy in the late 1980s.