Do fiscal rules help suppress sovereign spreads during periods of global financial stress? Yes! This paper examines whether fiscal rules contribute to mitigating sovereign spreads in emerging markets and...
The recent turmoil in US and European banks is a timely reminder of the potential for financial shocks to spill over into financial sectors in emerging market and developing economies. So far, banks in...
This Brief examines the impact of US interest rate hikes on developing East Asian economies. The effect will depend on the underlying factors driving the changes in US interest rates. US interest rates...
Economic activity in most of developing East Asia and Pacific (EAP) has recovered from the recent shocks, with goods exports and private consumption leading the way. However, output remains below pre-pandemic...
The East Asia and Pacific (EAP) region has been less exposed to the food price shock arising from Russia’s invasion of Ukraine than other world regions. East Asia and Pacific economies have not imported...
Non-financial corporates in emerging market and developing economies (EMDEs) have amassed high levels of debt in the past decade, especially during the Coronavirus (COVID-19) shock, when they needed massive...
Several countries in East Asia have increased fossil fuel subsidies to keep consumer prices lower than currently high international prices. These subsidies are discouraging the shift in consumption away...
Household businesses make up the majority of firms in developing economies. This paper uses a novel tax census database that covers the universe of tax-registered household businesses to analyze the entry...
Growth in most countries in the East Asia and the Pacific (EAP) region rebounded in the first half of 2022, but China lost momentum (Figure O1A; table O1). In much of the region, domestic demand revived...
Growth in most countries in the East Asia and the Pacific (EAP) region rebounded in the first half of 2022, but China lost momentum (Figure O1A; table O1). In much of the region, domestic demand revived...
Growth in most countries in the East Asia and the Pacific (EAP) region rebounded in the first half of 2022, but China lost momentum (Figure O1A; table O1). In much of the region, domestic demand revived...
Amidst a fragile recovery, three clouds are gathering over the economic horizon: US inflation could provoke financial tightening, China’s structural slowdown and zero-COVID-19 policy could dampen regional...
Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and lending in global financial markets. This paper examines risk-sharing outcomes of various...
The highly contagious Delta variant is fueling new outbreaks in East Asia and the Pacific (EAP). It is becoming evident that COVID-19 (coronavirus) is not leaving any time soon and may be here to stay...
The East Asia and Pacific (EAP) region is suffering a reversal of fortune. In 2020, many EAP countries successfully contained COVID-19 and economic activity swiftly revived as other regions struggled with...
The East Asia and Pacific (EAP) region is suffering a reversal of fortune. In 2020, many EAP countries successfully contained COVID-19 and economic activity swiftly revived as other regions struggled with...
The East Asia and Pacific (EAP) region is suffering a reversal of fortune. In 2020, many EAP countries successfully contained COVID-19 and economic activity swiftly revived as other regions struggled with...
The East Asia and Pacific (EAP) region is suffering a reversal of fortune. In 2020, many EAP countries successfully contained COVID-19 and economic activity swiftly revived as other regions struggled with...
The East Asia and Pacific (EAP) region is suffering a reversal of fortune. In 2020, many EAP countries successfully contained COVID-19 and economic activity swiftly revived as other regions struggled with...
The East Asia and Pacific (EAP) region is suffering a reversal of fortune. In 2020, many EAP countries successfully contained COVID-19 and economic activity swiftly revived as other regions struggled with...