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.
Watch the highlights of the ASEAN+3 Economic Cooperation and Financial Stability Forum 2023.
When BNM started raising the OPR in May 2022 to contain inflation, the subsequent sharp increase in the KLIBOR had sparked market concerns about a potential over-tightening in the interbank market.
Ample and low-cost liquidity provided by global central banks in the aftermath of the global financial crisis had driven a rise in ASEAN+3 debt.
Global financial conditions over the past few years have oscillated between tightening and easing as central banks shifted their monetary policy stance in response to the COVID-19 pandemic, rising inflation, and geopolitical tensions.
In an interview with Channel NewsAsia’s Jill Neubronner, AMRO Group Head and Lead Economist Kevin Cheng shared some insights from AMRO's inaugural ASEAN+3 Financial Stability Report (AFSR).
Cryptocurrency adoption in emerging markets, especially the ASEAN+3 region, has been strong at both institutional and retail levels.
The Japanese economy is projected to grow by 1.9 percent in 2023 and 1.1 percent in 2024.
