Future Of Asia S Finance How Can It Meet Challenges Of Demographic Change And Infrastructure Needs

Author: Ding Ding
Publisher: International Monetary Fund
ISBN: 1498343422
Size: 43.96 MB
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There is a role for Asia’s financial sector to play to address the challenges associated with the region’s changing demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure investment in emerging Asia. Strengthening the financial ties within the region as well as with the global financial markets alongside appropriate prudential frameworks could also help diversify sources of financing and reduce the cost of funding in emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment and hence achieve a more balanced growth in the region.

The Future Of Asian Finance

Author: Ms. Ratna Sahay
Publisher: International Monetary Fund
ISBN: 1513517643
Size: 74.83 MB
Format: PDF, ePub
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Asia’s financial systems proved resilient to the shocks from the global financial crisis, and growth since then has been strong. But new challenges have emerged in the region’s economies, including demographics and aging, the need to diversify from bank-dominated systems, urbanization and infrastructure, and the rebalancing of economic activity. This book takes stock of how systems in Asia’s advanced and emerging market economies compare with the rest of the world and how reforms to develop equity and bond markets have progressed. It then looks forward at how Asian financial systems will evolve in complexity and interconnectedness and what this means for the regional financial centers of Hong Kong SAR and Singapore. Finally, it looks at how the region’s demographic dividend can be harnessed to finance infrastructure, the state of economic and financial integration in ASEAN, the role of capital flows, and how changes to global regulatory regimes will affect Asian financial systems.

Asian Development Outlook 2015

Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292548964
Size: 59.99 MB
Format: PDF, Kindle
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The Asian Development Outlook 2015 projects that developing Asia will grow at a steady 6.3% in 2015 and 2016, supported by a strengthening recovery in the major industrial economies and soft global commodity prices. The drop in international oil prices is taking pressure off of consumer prices. Inflation will slow from 3.1% in 2014 to 2.6% in 2015. As low oil prices are supporting growth in developing Asia, a sudden sharp reversal could undermine the outlook and require policy response. Similarly, while capital inflows to the region have been beneficial for growth, policy makers must carefully manage credit expansion to ensure that it does not lead to excessive leverage and asset price bubbles. Developing Asia needs a deep, robust financial sector to sustain growth. Policy makers will be challenged to ensure that financial sector development is inclusive, providing broad access to households and firms. Financial stability must also be maintained to enhance growth and equity.


Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 147558296X
Size: 10.92 MB
Format: PDF, Kindle
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Niger: Selected Issues

Regional Economic Outlook April 2015

Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1475568533
Size: 65.40 MB
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Asia and the Pacific remains the global growth leader, albeit with a moderated pace of expansion since the global financial crisis. There is considerable diversity across the region: growth in China is slowing to a more sustainable pace, while in Japan a pickup in growth is expected. Non-oil commodity exporters have experienced sharply falling prices, while net importers have benefited from large changes in terms of trade. The April 2015 Regional Economic Outlook examines the volatility risks from this regional diversity, as well as Asia and Pacific’s role in global value chains and the factors affecting financial integration in Asia.

From Stress To Growth

Author: Marcus Noland
Publisher: Peterson Institute for International Economics
ISBN: 088132700X
Size: 29.96 MB
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Asian financial systems, which serve the most economically dynamic region of the world, survived the global economic crisis of the last several years. In From Stress to Growth: Strengthening Asia's Financial Systems in a Post-Crisis World, scholars affiliated with the Peterson Institute for International Economics and the Asian Development Bank argue in separate essays that Asian systems must strengthen their quality, diversity, and resilience to future shocks in order to deliver growth in coming years. The book examines such phenomena as the dominance of state-owned banks, the growth of non-bank lending (the so-called shadow banks), and the need to develop local bond markets, new financial centers, and stronger supervisory tools to prevent dangerous real estate asset bubbles. China's large financial system is discussed at length, with emphasis on concerns that China's system has grown too fast, that it is overly tilted toward corporate borrowing, and that state domination has led to overly easy credit to state-owned actors. Asia needs investment to improve its infrastructure and carry out technological innovation, but the book argues that the region's financial systems face challenges in meeting that need.

China S Quest For Great Power

Author: Bernard Cole
Publisher: Naval Institute Press
ISBN: 1682471454
Size: 68.57 MB
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This book addresses three important facets of China’s modern development. First is the ongoing modernization of the People’s Liberation Army Navy (PLAN). The Chinese navy has grown from a relatively small, backward force in the 1980s into a capable twenty-first century maritime power. The PLAN now deploys around the world and includes nuclear-powered submarines, the first of several aircraft carriers, modern guided missile destroyers and frigates, and the world’s most formidable force of seagoing cruise and ballistic missiles. This modern, growing navy is intended in significant part to undergird China’s global search for energy sources and security. Beijing’s determination to maintain its historic economic growth depends on energy security. These two national priorities—a navy capable of defending China’s national security and economic interests and secury energy resources—come together to define and support Chinese foreign policy. This book addresses these three in both global and Asian contextual terms, with special emphasis on relations between China and the United States.

Global Monitoring Report 2015 2016

Author: World Bank;International Monetary Fund
Publisher: World Bank Publications
ISBN: 1464806705
Size: 46.57 MB
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The Global Monitoring Report 2015/2016, produced by the World Bank Group in partnership with the International Monetary Fund, comes at an inflection point in both the setting of global development goals and the demographic trends affecting those goals. This year marks the end of the Millennium Development Goals (MDGs) and the launching of the Sustainable Development Goals (SDGs), while the World Bank Group has in parallel articulated the twin goals of sustainably ending extreme poverty and sharing prosperity. This report presents the latest global poverty numbers, based on the 2011 purchasing power parity (PPP) data, and examines the pace of development progress through the lens of the evolving global development goals. The special theme of this year's report examines the complex interaction between demographic change and development. With the number of children approaching a global ceiling of two billion, the world's population is growing slower. It is also aging faster, with the share of people of working age starting a decline in 2013. But the direction and pace of these trends vary starkly across countries, with sizeable demographic disparities between centers of global poverty (marked by high fertility) and drivers of global growth (marked by rapid aging). These demographic disparities are expected to deeply affect the pursuit of the post-2015 agenda, accentuating existing challenges and creating new opportunities.

Age Related Pension Expenditure And Fiscal Space

Author: Mukul G. Asher
Publisher: Routledge
ISBN: 1317371593
Size: 71.76 MB
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This book explores the linkages between age-related pension expenditures and the fiscal space needed to fund them, as well as to organize the mix of financing methods with different risk-sharing arrangements. After critically assessing the existing models projecting age-related expenditure in the literature, the book focuses on the case studies of these inter-linkages in four highly-populated East Asian countries, namely China, Indonesia, India, and Japan. Nearly two- fifths of the global population live in these countries. Therefore, how these inter-linkages manifest themselves and the initiatives in these countries for finding fiscal space will have an impact on how the ageing issues are addressed globally. This book does several distinguishing characteristics, including exploration of inter-linkages between age-related expenditure and fiscal space, and application of country-specific methods to explore these linkages, rather than relying standard macroeconomic model. In the process, the studies also bring out the limitations of standardized model used in the literatures. Scholars and policy makers interested in the subject will definitely find the book of valuable use.

Fiscal Deficits In The Pacific Region

Author: Akira Kohsaka
Publisher: Routledge
ISBN: 1134344376
Size: 37.59 MB
Format: PDF, ePub
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Fiscal policy is an incredibly important tool for governments across the world, with many countries facing dilemmas in crafting fiscal policies to meet changing demographic needs, greater demands for social welfare and sudden spending due to shocks such as terrorism. This important book looks at fiscal policy in the Asian Pacific economies and with a broad array of contributors will be a useful tool to students, researchers and professionals working in international economics and finance.