Bond market development and integration in ASEAN

ASEAN integration and health services

I t seems to be an exciting moment for the ASEAN countries to enter the era of the ASEAN Community. For the ASEAN 600 million people (8.6% of the World population), this regional initiative is expected to bring about economic prosperity and development in socio-cultural well-being of the people. However, development policies do not always complement one another as we promote economic growth and...

Bond Market Development in East Asia

The development of bond markets in the Asian region has become a focus of policymakers over the past few years, with at least three intergovernmental working groups among countries in the region currently examining the issue. The work is being undertaken in an effort to strengthen the financial sectors of east Asian countries and to reduce vulnerabilities to future financial crises. Weaknesses ...

Disasters, resilience, and the ASEAN integration

T he recent havoc caused by typhoon Haiyan in central Philippines provides an example of the grim reality of the impact of disasters in the Association of South-East Asian Nations (ASEAN) region. This is personal to me as many of my relatives and friends died and many more had their properties all washed away. You see, I was born in Tacloban and grew up in the city. It pained me to see my 87-ye...

A Difference-In-Differences (DID) Analysis Of Financial Integration And International Trade In ASEAN+5

Market Integration, Development, and Smallholder Forest Clearance

A significant proportion of deforestation in Latin America is caused by smallholders living at the frontier of modern rural markets. This paper develops a household model that examines the roles of market integration, subsistence, time preference, and non-timber forest uses in the household’s decision to clear forest for future agriculture. The model explores the possible impacts of development...