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…
In March 2020, Japanese banks experienced stress in their U.S. dollar funding due to a liquidity crunch in the U.S. dollar funding market.
During 2022, the Korean won (KRW) exchange rate was highly volatile as the U.S. economy emerged from the pandemic and the U.S. dollar (USD) strengthened following the hawkish policy stance of the U.S. Federal Reserve.
The Korean economy has recovered strongly from the pandemic, led by robust export growth and a strong rebound in private consumption. However, inflation remains elevated and the economic outlook in the near term has deteriorated amid tighter financial conditions and weakening external demand.
The failure of Silicon Valley Bank (SVB) and Signature Bank in the US severely roiled financial and tech markets.
The recent banking stresses have clearly triggered a sharp increase in risk aversion. While the initial reaction of ASEAN+3 markets has been more muted compared with those in US and European markets, volatilities in the markets remain high.
In accordance with the Paris Agreement, the Japanese government pledged to cut greenhouse gas (GHG) emissions by 46% by 2030 and achieve carbon neutrality by 2050.
Cambodia’s economy had been growing remarkably in the last decade before coming to a sudden stop due to the COVID-19 pandemic. While Cambodia is now on a good recovery path, some indicators suggest long-term external vulnerability.