AMRO’s market beta analysis also shows that it might be a bit early to conclude that investor risk perceptions toward US banks have changed decisively.
East Asian companies are more leveraged than their global counterparts. For the 10 member states of ASEAN, the ratio of corporate debt to gross domestic product stood at 80.7% as of March 2023.
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.
Over 95 percent of businesses in ASEAN+3 economies are small and medium-sized enterprises (SMEs).
Financial crises are simply too costly for any country and the ASEAN+3 economies must make every effort to prevent them
The past decade has repeatedly demonstrated that the ASEAN+3 economies have weak immunity against shocks that originate from major economies.