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.
Public debt-to-GDP ratio in the ASEAN+3 region has risen sharply during the COVID-19 pandemic.
We invite submissions of papers on global financial stability issues including rise in global interest rates, debt overhang, global payment systems, and more.
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.
Watch the highlights of the ASEAN+3 Economic Cooperation and Financial Stability Forum 2023.
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
Watch the replay of AMRO Forum 2023 panel discussion on the region’s vulnerability to high levels of household, corporate, and public debt.