Asian Capital Market Integration

Financial integration offers many benefits, but closer links can also create a higher risk of cross-border financial contagion. In the seminar Asian Capital Market Integration: Theory and Practice, which was held in Tokyo on 14 May, Cyn-Young Park (Assistant Chief Economist of ADB) spoke on the importance of assessing and monitoring the progress of financial market integration in emerging Asia because the degree of integration has implications for financial stability and an economy's ability to absorb shocks.

Narrowing the Gaps through Regional Cooperation Institutions and Governance Systems

Asia faces numerous ecological challenges, including deforestation, pollution, and marine and freshwater degradation. A new ADBI working paper outlines regional governance systems and national frameworks to address climate change and accelerate green growth in Asia. Options for regional political institutions and financial architecture needed to fulfill voluntary pledges and programs are suggested, and potentials and challenges regarding monitoring, reporting, and verification systems are analyzed. Policy measures for adaption and mitigation to climate change are also provided. Read more.